Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 41.7% – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) rose 41.7% during trading on Friday . The company traded as high as C$0.20 and last traded at C$0.17. Approximately 2,002,192 shares traded hands during mid-day trading, an increase of 328% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TWM shares. CIBC raised 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 research note on Thursday, January 9th. Atb Cap Markets lowered 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 shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One 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, the company has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

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