Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 70.8% - What's Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price shot up 70.8% during trading on Friday . The company traded as high as C$0.21 and last traded at C$0.21. 5,142,599 shares were traded during mid-day trading, an increase of 803% from the average session volume of 569,686 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Scotiabank cut 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 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. Finally, CIBC lifted their price objective 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The firm has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.22. The company has a market capitalization of C$90.52 million, a PE ratio of -0.25, a PEG ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

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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.