Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 66.7% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TWM shares. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. CIBC increased their price objective on shares of 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. Finally, Scotiabank decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

The firm’s 50 day moving average is C$0.17 and its two-hundred day moving average is C$0.23. The firm has a market cap of C$86.21 million, a P/E ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a current ratio of 1.23, a quick ratio of 0.55 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.