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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) traded up 66.7% during trading on Friday . 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.

Analyst Ratings Changes

TWM has been the topic of several recent research reports. CIBC boosted their price target 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. Scotiabank decreased their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Finally, Atb Cap Markets downgraded shares of 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 given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The company has a market cap of C$86.21 million, a PE ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company’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 debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

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.