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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) traded down 26.3% during mid-day trading on Friday . The stock traded as low as C$0.17 and last traded at C$0.21. 4,274,284 shares traded hands during mid-day trading, an increase of 638% from the average session volume of 579,022 shares. The stock had previously closed at C$0.29.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TWM shares. 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 report on Thursday, January 9th. National Bankshares lifted 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. Finally, Acumen Capital increased their price target on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$0.47.

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 firm has a market cap of C$90.52 million, a P/E ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67. The business’s 50 day moving average is C$0.25 and its two-hundred day moving average is C$0.20.

Insider Transactions at Tidewater Midstream and Infrastructure

In related news, insider Nauman (Nick) Toor acquired 151,500 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average price of C$0.28 per share, for a total transaction of C$41,920.05. Corporate 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.