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

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Acumen Capital boosted their price target on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research note on Monday, March 31st. National Bankshares boosted their target price on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an “underperform” rating in a research report on Monday, March 31st. Finally, CIBC increased their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$0.47.

Tidewater Midstream and Infrastructure Stock Performance

The stock has a market cap of C$90.52 million, a price-to-earnings ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The company has a 50 day simple moving average of C$0.25 and a 200 day simple moving average of C$0.20.

Insider Buying and Selling

In other news, insider Nauman (Nick) Toor acquired 151,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of C$0.28 per share, with a total value of C$41,920.05. 4.44% of the stock is owned by corporate insiders.

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.