Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 66.7% – Still a Buy?

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

Wall Street Analyst Weigh In

TWM has been the subject of several recent analyst reports. 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. CIBC boosted 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, Atb Cap Markets cut Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. The business’s 50 day moving average price is C$0.17 and its 200 day moving average price is C$0.23. The stock has a market capitalization 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.

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.