Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 12-Month High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares reached a new 52-week high on Monday . The stock traded as high as C$8.17 and last traded at C$8.00, with a volume of 10038 shares. The stock had previously closed at C$7.96.

Wall Street Analysts Forecast Growth

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

Tidewater Midstream and Infrastructure Price Performance

The stock has a market cap of C$175.79 million, a P/E ratio of -2.07, a P/E/G ratio of 0.64 and a beta of -0.50. The business has a 50 day simple moving average of C$5.92 and a 200-day simple moving average of C$5.57. The company has a debt-to-equity ratio of 192.11, a quick ratio of 0.55 and a current ratio of 0.65.

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.