Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 6% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) traded up 6% during trading on Friday . The company traded as high as C$0.27 and last traded at C$0.27. 362,549 shares were traded during mid-day trading, a decline of 39% from the average session volume of 594,961 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

Separately, CIBC upped 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 report on Thursday, January 9th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The company’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.21. 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 cap of C$112.08 million, a P/E ratio of -0.31, a P/E/G 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.