Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 47.9% – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price shot up 47.9% during trading on Friday . The stock traded as high as C$0.20 and last traded at C$0.18. 2,722,192 shares traded hands during mid-day trading, an increase of 482% from the average session 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 a number of research reports. CIBC raised 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 downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. Finally, Scotiabank reduced their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

The stock’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.23. The stock has a market cap of C$86.21 million, a P/E ratio of -0.24, 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.

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.