Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 41.7% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) rose 41.7% on Friday . The stock traded as high as C$0.20 and last traded at C$0.17. Approximately 2,002,192 shares changed hands during mid-day trading, an increase of 328% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TWM. Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. Scotiabank reduced their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, CIBC upped 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 report on Thursday, January 9th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Tidewater Midstream and Infrastructure presently 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 50 day moving average of C$0.17 and a 200 day moving average of 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 firm has a market cap of C$86.21 million, a price-to-earnings ratio of -0.24, a P/E/G 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.