Tidewater Midstream and Infrastructure (TSE:TWM) Trading 66.7% Higher – Here’s Why

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) rose 66.7% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares were traded 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 subject of several recent analyst reports. CIBC upped their price objective on shares of 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. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. Finally, Scotiabank cut their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The stock’s fifty day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.23. The firm has a market cap of C$86.21 million, a PE ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

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.