Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 66.7% – Should You Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price shot up 66.7% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares were traded during trading, an increase of 1,017% from the average session volume of 620,391 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Several research firms have recently issued reports on TWM. Atb Cap Markets cut Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. CIBC increased their target price 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. Finally, Scotiabank dropped their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

The firm’s 50-day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.23. 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 stock has a market capitalization of C$86.21 million, a PE ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67.

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.