Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Expected to Earn FY2024 Earnings of ($0.09) Per Share

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Tidewater Midstream and Infrastructure in a note issued to investors on Sunday, August 18th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of ($0.09) for the year, down from their prior forecast of ($0.05). National Bank Financial currently has a “Strong Sell” rating on the stock. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.03 per share.

A number of other equities research analysts have also commented on TWM. CIBC reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research note on Friday, August 16th. Stifel Nicolaus cut their price target on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Scotiabank lowered Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$0.85 to C$0.45 in a research report on Friday, August 16th. National Bankshares set a C$0.85 price objective on Tidewater Midstream and Infrastructure and gave the company a “sector perform” rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$1.00 to C$0.80 in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$0.76.

Tidewater Midstream and Infrastructure Stock Performance

TSE:TWM opened at C$0.37 on Wednesday. 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 fifty-two week low of C$0.28 and a fifty-two week high of C$1.10. The company has a 50 day simple moving average of C$0.55 and a two-hundred day simple moving average of C$0.68. The company has a market capitalization of C$156.99 million, a PE ratio of -0.41, a P/E/G ratio of 0.64 and a beta of 1.72.

About Tidewater Midstream and Infrastructure

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.