Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) fell 26.3% on Friday . The stock traded as low as C$0.17 and last traded at C$0.21. Approximately 4,274,284 shares were traded during mid-day trading, an increase of 638% from the average session volume of 579,022 shares. The stock had previously closed at C$0.29.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on TWM shares. National Bankshares upped their price target on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an “underperform” rating in a research note on Monday, March 31st. Acumen Capital upped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and an average price target of C$0.40.
Read Our Latest Stock Analysis on TWM
Tidewater Midstream and Infrastructure Stock Up 2.4 %
Insider Transactions at Tidewater Midstream and Infrastructure
In other news, insider Nauman (Nick) Toor purchased 151,500 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average price of C$0.28 per share, for a total transaction of C$41,920.05. Corporate insiders own 4.44% of the company’s stock.
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.
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