Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 26.3% – Should You Sell?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TWM shares. National Bankshares increased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an “underperform” rating in a research report on Monday, March 31st. Acumen Capital upped 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 investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$0.40.

Tidewater Midstream and Infrastructure Price Performance

The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. The business’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.20. The stock has a market capitalization of C$92.68 million, a price-to-earnings ratio of -0.26, a PEG ratio of 0.64 and a beta of 1.67.

Insider Buying and Selling at Tidewater Midstream and Infrastructure

In related news, insider Nauman (Nick) Toor bought 151,500 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were bought at an average price of C$0.28 per share, for a total transaction of C$41,920.05. Company insiders own 4.44% of the company’s stock.

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.