Scotiabank Has Bullish Estimate for TSE:TWM FY2027 Earnings

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Stock analysts at Scotiabank raised their FY2027 earnings estimates for Tidewater Midstream and Infrastructure in a report released on Thursday, May 14th. Scotiabank analyst R. Hope now forecasts that the company will earn $1.78 per share for the year, up from their prior estimate of $1.53. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.02 per share.

Several other equities analysts also recently weighed in on TWM. ATB Cormark Capital Markets raised their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price objective on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Scotia raised their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, National Bank Financial lifted their target price on shares of Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$16.80.

Tidewater Midstream and Infrastructure Trading Up 3.3%

TWM stock opened at C$17.69 on Monday. Tidewater Midstream and Infrastructure has a 12-month low of C$3.60 and a 12-month high of C$18.00. The business’s 50-day moving average is C$11.15 and its 200 day moving average is C$7.63. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12. The stock has a market cap of C$386.46 million, a price-to-earnings ratio of -3.57, a PEG ratio of 0.64 and a beta of -0.10.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, March 26th. The company reported C($1.38) earnings per share (EPS) for the quarter. The company had revenue of C$314.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%.

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.