Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 66.7% – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) was 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. Approximately 6,932,558 shares were traded during trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TWM. CIBC boosted their price objective on 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. 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. Finally, Scotiabank dropped their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03. The company 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 business has a 50 day moving average price of C$0.17 and a 200 day moving average price of C$0.23.

Tidewater Midstream and Infrastructure Company Profile

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.