Tidewater Midstream and Infrastructure (TSE:TWM) Shares Down 2.2% – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) fell 2.2% during trading on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. 552,283 shares traded hands during trading, a decline of 4% from the average session volume of 578,102 shares. The stock had previously closed at C$0.23.

Analyst Ratings Changes

Separately, CIBC lifted their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Down 2.2 %

The firm has a market cap of C$94.84 million, a P/E ratio of -0.27, a PEG ratio of 0.64 and a beta of 1.67. The firm’s 50-day moving average price is C$0.19 and its 200 day moving average price is C$0.21. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

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.