Tidewater Midstream and Infrastructure (TSE:TWM) Trading 66.7% Higher - Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price rose 66.7% during mid-day trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares traded 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.

Analysts Set New Price Targets

TWM has been the topic of several recent research reports. Scotiabank dropped 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 increased their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a "neutral" rating in a research report on Thursday, January 9th. Finally, Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 17.5 %

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 company has a market cap of C$101.30 million, a PE ratio of -0.28, a P/E/G ratio of 0.64 and a beta of 1.67. The stock has a 50-day moving average of C$0.17 and a 200-day moving average of C$0.23.

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.