Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 50% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) was up 50% on Friday . The stock traded as high as C$0.20 and last traded at C$0.18. Approximately 3,203,071 shares changed hands during mid-day trading, an increase of 558% from the average daily volume of 486,436 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TWM shares. CIBC raised their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a “neutral” rating in a report on Thursday, January 9th. 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. Finally, Scotiabank decreased their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One 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 presently has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

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

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.