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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price was up 66.7% on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,276,182 shares changed hands during trading, an increase of 953% from the average daily volume of 596,126 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

Several analysts recently weighed in on TWM shares. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. CIBC increased their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Finally, Scotiabank decreased their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The stock has a 50-day simple moving average of C$0.17 and a 200 day simple moving average of C$0.23. 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 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.

About Tidewater Midstream and Infrastructure

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.