Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 2.2% - Here's Why

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) traded down 2.2% on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. 63,419 shares traded hands during trading, a decline of 87% from the average session volume of 491,622 shares. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

TWM has been the subject of a number of analyst reports. Acumen Capital raised their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research note on Monday, March 31st. National Bankshares raised their price objective on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an "underperform" rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$0.40.

Tidewater Midstream and Infrastructure Price Performance

The company has a market cap of C$101.30 million, a price-to-earnings ratio of -0.28, a PEG ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The company's fifty day moving average price is C$0.21 and its two-hundred day moving average price is C$0.21.

Insider Buying and Selling at Tidewater Midstream and Infrastructure

In related news, insider Nauman (Nick) Toor purchased 1,300,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of C$0.21 per share, for a total transaction of C$270,400.00. 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.