Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 66.7% - Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) traded up 66.7% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares traded hands during trading, an increase of 1,017% from the average session volume of 620,391 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. CIBC raised their price target 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 report on Thursday, January 9th. Atb Cap Markets cut Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, November 15th. Finally, Scotiabank reduced their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Down 4.5 %

The firm has a market cap of C$90.52 million, a price-to-earnings ratio of -0.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company's 50-day moving average price is C$0.17 and its 200-day moving average price 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.

About Tidewater Midstream and Infrastructure

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.