Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 66.7% – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shot up 66.7% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares changed hands during mid-day trading, an increase of 1,017% from the average session volume of 620,391 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

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

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The company has a market capitalization of C$86.21 million, a P/E ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The company’s fifty day simple moving average is C$0.17 and its 200-day simple moving average is C$0.23.

Tidewater Midstream and Infrastructure Company Profile

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.