Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 41.7% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) was up 41.7% during trading on Friday . The stock traded as high as C$0.20 and last traded at C$0.17. Approximately 2,002,192 shares traded hands during trading, an increase of 328% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

TWM has been the subject of several recent research reports. CIBC lifted their target price on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. Finally, Scotiabank dropped their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03. The firm has a market cap of C$86.21 million, a P/E ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The stock’s fifty day moving average is C$0.16 and its two-hundred day moving average is C$0.23.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.