Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 2.1% – Should You Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) were up 2.1% on Tuesday . The stock traded as high as C$5.80 and last traded at C$5.72. Approximately 43,706 shares were traded during mid-day trading, an increase of 78% from the average daily volume of 24,534 shares. The stock had previously closed at C$5.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TWM shares. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank raised their price objective on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Reduce” and a consensus price target of C$5.67.

Tidewater Midstream and Infrastructure Trading Up 2.1%

The company has a fifty day simple moving average of C$5.14 and a two-hundred day simple moving average of C$5.17. 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 company has a market capitalization of C$123.53 million, a P/E ratio of -1.46, a price-to-earnings-growth ratio of 0.64 and a beta of -0.41.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, November 13th. The company reported C($0.69) earnings per share (EPS) for the quarter. The company had revenue of C$353.90 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 119.01% and a negative net margin of 19.93%. On average, analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current fiscal year.

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.