Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price rose 66.7% on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares changed hands during trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.
Wall Street Analysts Forecast Growth
TWM has been the topic of several recent analyst reports. 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 report on Thursday, January 9th. Scotiabank cut their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Finally, Atb Cap Markets cut Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$0.66.
View Our Latest Stock Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
The stock has a market cap of C$94.84 million, a P/E ratio of -0.27, a PEG ratio of 0.64 and a beta of 1.67. The company has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.22. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03.
About Tidewater Midstream and Infrastructure
(
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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.
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