Scotiabank Issues Pessimistic Estimate for TSE:TWM Earnings

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Investment analysts at Scotiabank dropped their FY2024 earnings estimates for Tidewater Midstream and Infrastructure in a report released on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of ($0.14) per share for the year, down from their prior forecast of ($0.13). The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.02 per share. Scotiabank also issued estimates for Tidewater Midstream and Infrastructure’s FY2025 earnings at ($0.01) EPS.

A number of other brokerages have also weighed in on TWM. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. CIBC increased their target price on 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Down 3.1 %

Shares of TSE TWM opened at C$0.16 on Monday. The firm has a market cap of C$66.67 million, a P/E ratio of -0.18, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. Tidewater Midstream and Infrastructure has a 1 year low of C$0.11 and a 1 year high of C$1.08. The firm’s 50 day moving average price is C$0.15 and its 200 day moving average price is C$0.32.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in the United States. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services. It also engages in the sale of refined petroleum products, including gasoline, low sulphur diesel, and ancillary products, as well as renewable fuels and natural gas; and gathering, processing, transporting, extraction, and marketing of crude oil, natural gas, and NGLs.