Tidewater Midstream and Infrastructure (TSE:TWM) Trading 2.1% Higher – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price traded up 2.1% on Tuesday . The stock traded as high as C$5.80 and last traded at C$5.72. 43,706 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 24,534 shares. The stock had previously closed at C$5.60.

Analyst Ratings Changes

Several equities research analysts recently commented on TWM shares. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. Scotiabank increased their target price on Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of C$5.67.

Tidewater Midstream and Infrastructure Stock Performance

The firm’s fifty day moving average is C$5.14 and its 200 day moving average is C$5.17. The firm has a market capitalization of C$123.53 million, a price-to-earnings ratio of -1.46, a PEG ratio of 0.64 and a beta of -0.41. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings data on Thursday, November 13th. The company reported C($0.69) earnings per share for the quarter. The company 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, analysts predict that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal 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.