Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 66.7% – Should You Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) rose 66.7% on Saturday . 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.

Wall Street Analysts Forecast Growth

TWM has been the subject of several research reports. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. CIBC raised 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 note on Thursday, January 9th. Finally, Scotiabank cut their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Tidewater Midstream and Infrastructure has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The firm has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.23. The firm has a market cap of C$86.21 million, a P/E ratio of -0.24, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23.

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.