Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 26.3% – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) fell 26.3% on Friday . The stock traded as low as C$0.17 and last traded at C$0.21. 4,274,284 shares changed hands during trading, an increase of 638% from the average session volume of 579,022 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TWM shares. Acumen Capital upped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a report on Monday, March 31st. National Bankshares boosted their price target on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an “underperform” rating in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and an average price target of C$0.40.

Tidewater Midstream and Infrastructure Trading Up 2.4 %

The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. The company has a market capitalization of C$92.68 million, a P/E ratio of -0.26, a PEG ratio of 0.64 and a beta of 1.67. The business’s 50-day moving average price is C$0.25 and its two-hundred day moving average price is C$0.20.

Insider Activity at Tidewater Midstream and Infrastructure

In other news, insider Nauman (Nick) Toor bought 225,000 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of C$0.25 per share, for a total transaction of C$55,687.50. 4.44% of the stock is owned by insiders.

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.