Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 68.8% – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares were up 68.8% on Friday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 5,785,401 shares were traded during trading, an increase of 883% from the average daily volume of 588,381 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Several research firms have commented on TWM. 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. CIBC upped their price objective 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. 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 research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

The stock’s 50-day moving average price is C$0.17 and its 200-day moving average price is C$0.23. The company has a market cap of C$86.21 million, a P/E ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

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.