Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 26.3% – Should You Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price traded down 26.3% on Friday . The stock traded as low as C$0.17 and last traded at C$0.21. 4,274,284 shares traded hands during mid-day trading, an increase of 638% from the average session volume of 579,022 shares. The stock had previously closed at C$0.29.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. CIBC lifted their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Acumen Capital lifted their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research report on Monday, March 31st. Finally, National Bankshares upped their price target on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an “underperform” rating in a research note on Monday, March 31st. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus price target of C$0.47.

Tidewater Midstream and Infrastructure Trading Down 26.3 %

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 business has a 50-day simple moving average of C$0.25 and a 200-day simple moving average of C$0.20. The company has a market cap of C$90.52 million, a PE ratio of -0.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

Insider Activity at Tidewater Midstream and Infrastructure

In other Tidewater Midstream and Infrastructure news, insider Nauman (Nick) Toor acquired 225,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of C$0.25 per share, for a total transaction of C$55,687.50. Company insiders own 4.44% of the company’s stock.

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.