Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 66.7% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) was up 66.7% during trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares changed hands during trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Several research analysts have commented on TWM shares. CIBC boosted their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a report on Thursday, January 9th. Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, Scotiabank lowered their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

The firm has a market cap 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. 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$0.17 and its two-hundred day moving average price is C$0.23.

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.