Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 68.8% - Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price was up 68.8% during mid-day trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 5,785,401 shares traded hands during mid-day trading, an increase of 883% from the average daily volume of 588,381 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. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, November 15th. Scotiabank reduced their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Finally, CIBC increased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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 P/E ratio of -0.27, a PEG ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The firm has a 50 day moving average of C$0.17 and a 200-day moving average of C$0.22.

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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.