Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 66.7% - Should You Buy?

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank decreased their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. CIBC raised their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a "neutral" rating in a report on Thursday, January 9th. Finally, Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

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 stock has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.22. The stock has a market cap of C$90.52 million, a PE ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67.

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.