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

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TWM. Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. Scotiabank cut their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, CIBC lifted their price objective on 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The company has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.23. The stock has a market capitalization 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 company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

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.