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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price traded up 66.7% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares traded hands 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.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. 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 reduced 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. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The stock has a market cap of C$86.21 million, a price-to-earnings ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The business’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is 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.