Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 47.9% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares were up 47.9% during trading on Friday . The stock traded as high as C$0.20 and last traded at C$0.18. Approximately 2,722,192 shares traded hands during mid-day trading, an increase of 482% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TWM. CIBC upped their price target 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. Scotiabank lowered their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, Atb Cap Markets cut Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

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 firm has a 50 day moving average price of C$0.17 and a 200 day moving average price of C$0.23. The stock has a market capitalization of C$86.21 million, a PE ratio of -0.24, a P/E/G ratio of 0.64 and a beta of 1.67.

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.