Tidewater Midstream and Infrastructure (TSE:TWM) Shares Down 2.2% – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price traded down 2.2% during trading on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. 552,283 shares traded hands during trading, a decline of 4% from the average session volume of 578,102 shares. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

Separately, CIBC boosted their price target 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

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$94.84 million, a PE ratio of -0.27, a PEG ratio of 0.64 and a beta of 1.67. The company’s 50 day moving average price is C$0.19 and its 200-day moving average price is C$0.21.

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.