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

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shot up 66.7% on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. 5,548,658 shares changed hands during trading, an increase of 854% from the average session volume of 581,430 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TWM. CIBC lifted their target price 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. 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. Finally, Scotiabank cut 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

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

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.