Tidewater Midstream and Infrastructure (OTCMKTS:TWMIF) Shares Down 0.3% – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (OTCMKTS:TWMIF) shares dropped 0.3% during mid-day trading on Friday . The stock traded as low as $14.60 and last traded at $14.7470. 9,800 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 18,154 shares. The stock had previously closed at $14.79.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TWMIF. Scotiabank reissued a “sector perform” rating on shares of Tidewater Midstream and Infrastructure in a research report on Friday, August 14th. Royal Bank Of Canada raised Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Moderate Buy”.

Tidewater Midstream and Infrastructure Stock Performance

The company has a 50-day moving average of $14.17 and a 200-day moving average of $10.76.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd., trading OTCMKTS under the symbol TWMIF, is a Calgary-based energy infrastructure company specializing in midstream services. The company owns and operates a network of natural gas gathering systems, processing plants and liquids handling facilities. Its core activities include the processing of raw natural gas into marketable products, the transportation of natural gas liquids (NGLs) and condensate, and the storage and marketing of hydrocarbon products.

Operating primarily in the Western Canadian Sedimentary Basin, Tidewater Midstream serves oil and gas producers across Alberta and Saskatchewan.