Tidewater Midstream and Infrastructure (TSE:TWM) Trading 66.7% Higher – Should You Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares shot up 66.7% during mid-day trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares traded 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on TWM shares. 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 increased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a report on Thursday, January 9th. Finally, Scotiabank dropped their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

The firm 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 has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The firm’s 50-day moving average is C$0.17 and its 200 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.