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Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 4.9% - Still a Buy?

Tidewater Midstream and Infrastructure logo with Energy background

Key Points

  • Tidewater Midstream and Infrastructure Ltd. saw its stock price increase by 4.9% to C$4.72, despite a significant drop in trading volume by 85% from its average daily volume.
  • Scotiabank raised its price objective for the company from C$0.30 to C$6.00 and awarded it a "sector perform" rating, with a consensus target price also set at C$6.00.
  • The company has a high debt-to-equity ratio of 183.03 and is involved in the midstream infrastructure and transportation of Natural Gas Liquids across North America.
  • Five stocks we like better than Tidewater Midstream and Infrastructure.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price rose 4.9% on Monday . The company traded as high as C$4.74 and last traded at C$4.72. Approximately 64,419 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 434,936 shares. The stock had previously closed at C$4.50.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$6.00 and gave the stock a "sector perform" rating in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of C$6.00.

View Our Latest Report on TWM

Tidewater Midstream and Infrastructure Price Performance

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 company has a 50-day moving average price of C$4.48 and a two-hundred day moving average price of C$4.51. The company has a market cap of C$101.93 million, a PE ratio of -1.82, a P/E/G ratio of 0.64 and a beta of -0.10.

Tidewater Midstream and Infrastructure Company Profile

(Get Free Report)

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.

Further Reading

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