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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price dropped 26.3% during trading on Friday . The company traded as low as C$0.17 and last traded at C$0.21. Approximately 4,274,284 shares changed hands during trading, an increase of 638% from the average daily volume of 579,022 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

Several research firms have commented on TWM. Acumen Capital raised their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a report on Monday, March 31st. National Bankshares raised their price target on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an "underperform" rating in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$0.40.

Tidewater Midstream and Infrastructure Price Performance

The stock's 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.20. 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 firm has a market cap of C$90.52 million, a price-to-earnings ratio of -0.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

Insider Buying and Selling

In other Tidewater Midstream and Infrastructure news, insider Nauman (Nick) Toor bought 1,300,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of C$0.21 per share, for a total transaction of C$270,400.00. Insiders bought 1,676,500 shares of company stock worth $368,008 in the last 90 days. 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.