Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 5% – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price was up 5% during trading on Monday . The stock traded as high as C$4.98 and last traded at C$4.79. Approximately 35,698 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 23,105 shares. The stock had previously closed at C$4.56.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TWM shares. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. Scotiabank increased their price objective on Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of C$6.25.

Tidewater Midstream and Infrastructure Stock Up 5.0%

The firm’s 50-day moving average is C$5.26 and its two-hundred day moving average is C$5.04. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The stock has a market cap of C$103.44 million, a P/E ratio of -1.22, a PEG ratio of 0.64 and a beta of -0.23.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, November 13th. The company reported C($0.69) EPS for the quarter. The firm had revenue of C$353.90 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 19.93% and a negative return on equity of 119.01%. On average, equities research analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current year.

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. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.