Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 12-Month High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Tidewater Midstream and Infrastructure Stock Up 10.8%

The business’s 50 day simple moving average is C$5.66 and its 200 day simple moving average is C$5.46. The company has a market capitalization of C$167.80 million, a PE ratio of -1.98, a price-to-earnings-growth ratio of 0.64 and a beta of -0.50. The company has a quick ratio of 0.55, a current ratio of 1.23 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.