Insider Buying: Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Insider Purchases 1,300,000 Shares of Stock

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) insider Nauman (Nick) Toor bought 1,300,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of C$0.21 per share, for a total transaction of C$270,400.00.

Nauman (Nick) Toor also recently made the following trade(s):

• On Tuesday, April 29th, Nauman (Nick) Toor bought 151,500 shares of Tidewater Midstream and Infrastructure stock. The stock was acquired at an average cost of C$0.28 per share, for a total transaction of C$41,920.05.
• On Monday, April 7th, Nauman (Nick) Toor bought 225,000 shares of Tidewater Midstream and Infrastructure stock. The stock was acquired at an average cost of C$0.25 per share, for a total transaction of C$55,687.50.

Tidewater Midstream and Infrastructure Stock Performance

TSE TWM opened at C$0.21 on Wednesday. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. Tidewater Midstream and Infrastructure Ltd. has a 1 year low of C$0.11 and a 1 year high of C$0.67. The company has a market capitalization of C$90.52 million, a PE ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a fifty day moving average of C$0.25 and a two-hundred day moving average of C$0.20.

Analysts Set New Price Targets

Several equities analysts recently commented on TWM shares. Acumen Capital increased their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a report on Monday, March 31st. National Bankshares increased their target price on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an “underperform” rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$0.40.

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.