Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 26.3% - Time to Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price traded down 26.3% on Thursday . The stock traded as low as C$0.17 and last traded at C$0.21. 4,274,284 shares traded 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.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Acumen Capital raised their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research note on Monday, March 31st. National Bankshares increased their target price 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 investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$0.40.

Tidewater Midstream and Infrastructure Trading Up 2.4%

The stock has a market capitalization of C$92.68 million, a PE ratio of -0.26, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The firm has a 50-day moving average price of C$0.25 and a 200-day moving average price of C$0.20. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03.

Insider Activity at Tidewater Midstream and Infrastructure

In other news, insider Nauman (Nick) Toor bought 151,500 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was acquired at an average cost of C$0.28 per share, with a total value of C$41,920.05. 4.44% of the stock is owned by company 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.