Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 2.2% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares dropped 2.2% during mid-day trading on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 552,283 shares traded hands during trading, a decline of 4% from the average daily volume of 578,102 shares. The stock had previously closed at C$0.23.

Analyst Upgrades and Downgrades

Separately, CIBC lifted their price objective on 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The firm has a market capitalization of C$114.23 million, a PE ratio of -0.32, a P/E/G 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 stock has a fifty day moving average price of C$0.20 and a 200-day moving average price of C$0.21.

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.