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

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) rose 66.7% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares changed hands during mid-day trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

TWM has been the subject of several recent research reports. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. Scotiabank lowered their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, 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 report on Thursday, January 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The firm has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.23. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The stock has a market cap of C$86.21 million, a PE ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

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.