Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 26.3% - What's Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) shares traded down 26.3% during trading on Friday . The company traded as low as C$0.17 and last traded at C$0.21. 4,274,284 shares changed hands 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 issued reports on the company. Acumen Capital lifted their price target on 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 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 issued a hold rating to the company. According to MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of "Hold" and a consensus price target of C$0.40.

Tidewater Midstream and Infrastructure Price Performance

The firm's 50 day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.20. 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 firm has a market capitalization of C$90.52 million, a P/E ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67.

Insider Activity

In other Tidewater Midstream and Infrastructure news, insider Nauman (Nick) Toor purchased 1,300,000 shares of Tidewater Midstream and Infrastructure 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. In the last quarter, insiders purchased 1,676,500 shares of company stock valued at $368,008. Insiders own 4.44% of the company's stock.

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.