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Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month High - Should You Buy?

Tidewater Midstream and Infrastructure logo with Energy background

Key Points

  • Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) stock hit a new 52-week high, trading at C$5.00, while last trading at C$4.51 with a significant increase in volume.
  • The company's stock has surged by 2,017.4% over the past year, reflecting its impressive performance despite a high debt-to-equity ratio of 183.03.
  • Tidewater specializes in midstream infrastructure and the transportation of Natural Gas Liquids (NGLs), mainly throughout North America.
  • Interested in Tidewater Midstream and Infrastructure? Here are five stocks we like better.

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$5.00 and last traded at C$4.51, with a volume of 17251 shares changing hands. The stock had previously closed at C$0.23.

Analyst Ratings Changes

Separately, Scotiabank boosted their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$6.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of C$6.00.

Read Our Latest Research Report on Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Stock Performance

The stock has a market capitalization of C$96.53 million, a price-to-earnings ratio of -1.72, a price-to-earnings-growth ratio of 0.64 and a beta of -0.10. The firm has a fifty day moving average of C$4.47 and a 200 day moving average of C$4.47. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

About Tidewater Midstream and Infrastructure

(Get Free Report)

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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