Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 41.7% - Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) was up 41.7% on Friday . The stock traded as high as C$0.20 and last traded at C$0.17. Approximately 2,002,192 shares changed hands during trading, an increase of 328% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWM. Atb Cap Markets cut Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, November 15th. Scotiabank lowered their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, CIBC lifted their price objective 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. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure has a consensus rating of "Hold" and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Down 6.4 %

The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. The company has a market capitalization of C$94.84 million, a PE ratio of -0.27, a P/E/G ratio of 0.64 and a beta of 1.67. The business has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.22.

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.