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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TWM. 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 lifted their target price on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an "underperform" rating in a research 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. Based on data from MarketBeat, Tidewater Midstream and Infrastructure has an average rating of "Hold" and an average target price of C$0.40.

Tidewater Midstream and Infrastructure Stock Performance

The company has a market cap of C$90.52 million, a price-to-earnings ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The company has a fifty day moving average of C$0.25 and a two-hundred day moving average of C$0.20.

Insider Transactions at Tidewater Midstream and Infrastructure

In other Tidewater Midstream and Infrastructure news, insider Nauman (Nick) Toor acquired 151,500 shares of Tidewater Midstream and Infrastructure stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of C$0.28 per share, with a total value of C$41,920.05. Over the last three months, insiders have bought 1,676,500 shares of company stock worth $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.