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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares rose 66.7% on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares changed hands during mid-day trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

TWM has been the topic of a number of recent research reports. 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. CIBC increased 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 report on Thursday, January 9th. Finally, Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The company has a market cap of C$86.21 million, a P/E ratio of -0.24, a P/E/G ratio of 0.64 and a beta of 1.67. The stock’s 50-day moving average is C$0.17 and its two-hundred day 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.

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.