Scotiabank Has Negative Forecast for TSE:TWM FY2024 Earnings

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Free Report) - Research analysts at Scotiabank decreased their FY2024 earnings estimates for shares of Tidewater Midstream and Infrastructure in a research note issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of ($0.14) 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 also recently commented on TWM. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, November 15th. CIBC upped their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Down 5.9 %

Shares of TWM traded down C$0.01 during trading hours on Monday, hitting C$0.16. The company had a trading volume of 518,141 shares, compared to its average volume of 604,795. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54. The stock's 50 day moving average price is C$0.15 and its 200 day moving average price is C$0.32. The firm has a market cap of C$68.82 million, a P/E ratio of -0.18, a P/E/G ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a 52-week low of C$0.11 and a 52-week high of C$1.08.

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.