Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 66.7% – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TWM. 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 note on Thursday, January 9th. Scotiabank cut their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Finally, 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

The company has a market capitalization of C$86.21 million, a price-to-earnings ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The stock has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of C$0.23. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

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.