Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) rose 2.6% during mid-day trading on Tuesday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 203,164 shares traded hands during trading, a decline of 61% from the average daily volume of 519,855 shares. The stock had previously closed at C$0.20.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on TWM shares. CIBC raised their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a "neutral" rating in a report on Thursday, January 9th. 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. Finally, Scotiabank lowered 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 research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Tidewater Midstream and Infrastructure has a consensus rating of "Hold" and a consensus target price of C$0.66.
Check Out Our Latest Analysis on TWM
Tidewater Midstream and Infrastructure Price Performance
The firm has a market capitalization of C$83.87 million, a PE ratio of -0.22, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. The company has a 50-day moving average price of C$0.15 and a 200 day moving average price of C$0.27.
About Tidewater Midstream and Infrastructure
(
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Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in the United States. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services. It also engages in the sale of refined petroleum products, including gasoline, low sulphur diesel, and ancillary products, as well as renewable fuels and natural gas; and gathering, processing, transporting, extraction, and marketing of crude oil, natural gas, and NGLs.
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