Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 1-Year High – Should You Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week high on Monday . The stock traded as high as C$6.91 and last traded at C$6.74, with a volume of 7808 shares changing hands. The stock had previously closed at C$6.46.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets cut shares of Tidewater Midstream and Infrastructure from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of C$5.67.

Tidewater Midstream and Infrastructure Price Performance

The firm has a market cap of C$144.91 million, a PE ratio of -1.71, a price-to-earnings-growth ratio of 0.64 and a beta of -0.50. The company has a 50 day moving average price of C$5.53 and a 200 day moving average price of C$5.41. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03.

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. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.