Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 2.5% - What's Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) shares fell 2.5% on Monday . The stock traded as low as C$0.19 and last traded at C$0.20. 56,424 shares traded hands during trading, a decline of 90% from the average session volume of 565,944 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

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

Tidewater Midstream and Infrastructure Price Performance

The company has a 50-day moving average of C$0.24 and a 200-day moving average of C$0.19. 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 capitalization of C$79.75 million, a price-to-earnings ratio of -0.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

Insider Buying and Selling at Tidewater Midstream and Infrastructure

In other news, insider Nauman (Nick) Toor bought 225,000 shares of the business's stock in a transaction on Monday, April 7th. The shares were purchased at an average price of C$0.25 per share, for a total transaction of C$55,687.50. Over the last quarter, insiders have purchased 1,676,500 shares of company stock valued at $368,008. 4.44% of the stock is currently owned by corporate insiders.

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.