Scotiabank Analysts Decrease Earnings Estimates for TSE:TWM

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Stock analysts at Scotiabank lowered their FY2024 earnings per share estimates for shares of Tidewater Midstream and Infrastructure in a research note issued to investors 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.

Several other brokerages have also commented on TWM. CIBC upped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a report on Thursday. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure has an average rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

TWM opened at C$0.17 on Monday. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The stock has a market capitalization of C$73.12 million, a PE ratio of -0.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The stock’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 has a 52-week low of C$0.11 and a 52-week high of C$1.08.

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.