Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 2.4% - Should You Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) traded down 2.4% on Tuesday . The stock traded as low as C$0.21 and last traded at C$0.21. 227,500 shares traded hands during trading, a decline of 57% from the average session volume of 534,672 shares. The stock had previously closed at C$0.21.

Analyst Ratings Changes

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

Tidewater Midstream and Infrastructure Price Performance

The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The stock's 50-day moving average price is C$0.22 and its 200-day moving average price is C$0.20. The company has a market capitalization of C$92.68 million, a price-to-earnings ratio of -0.26, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

Insiders Place Their Bets

In other Tidewater Midstream and Infrastructure news, insider Nauman (Nick) Toor bought 151,500 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were bought at an average cost of C$0.28 per share, for a total transaction of C$41,920.05. In the last quarter, insiders have bought 1,676,500 shares of company stock valued at $368,008. 4.44% of the stock is currently owned by corporate insiders.

About Tidewater Midstream and Infrastructure

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.