Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 0.2% – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price was up 0.2% during trading on Wednesday . The company traded as high as C$5.96 and last traded at C$5.95. Approximately 24,570 shares traded hands during trading, an increase of 10% from the average daily volume of 22,324 shares. The stock had previously closed at C$5.94.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TWM. ATB Capital lowered 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 target on Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of C$5.67.

Tidewater Midstream and Infrastructure Stock Up 0.2%

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 firm’s 50 day moving average price is C$5.36 and its two-hundred day moving average price is C$5.33. The company has a market cap of C$128.50 million, a P/E ratio of -1.51, a price-to-earnings-growth ratio of 0.64 and a beta of -0.50.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.69) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 119.01% and a negative net margin of 19.93%.The company had revenue of C$353.90 million during the quarter. Equities research analysts anticipate 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.