Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 41.7% - Still a Buy?

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

Analysts Set New Price Targets

Several research analysts have commented on TWM shares. Scotiabank decreased their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, November 15th. Finally, CIBC upped their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a "neutral" rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of "Hold" and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Down 6.4 %

The firm has a market capitalization of C$94.84 million, a price-to-earnings ratio of -0.27, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The firm's 50 day moving average is C$0.17 and its 200 day moving average is C$0.22. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

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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.