FY2027 Earnings Forecast for TSE:TWM Issued By Scotiabank

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Scotiabank boosted their FY2027 earnings per share estimates for Tidewater Midstream and Infrastructure in a note issued to investors on Wednesday, August 19th. Scotiabank analyst R. Hope now expects that the company will earn $1.94 per share for the year, up from their previous estimate of $1.78. Scotiabank currently has a “Sector Perform” rating and a $21.00 target price on the stock. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.02 per share.

Several other analysts have also recently weighed in on the stock. National Bank Financial lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Scotia raised their target price on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. ATB Cormark Capital Markets lifted their price target on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a research report on Sunday, August 16th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of C$23.60.

Tidewater Midstream and Infrastructure Stock Down 0.3%

TWM stock opened at C$22.25 on Friday. Tidewater Midstream and Infrastructure has a fifty-two week low of C$4.00 and a fifty-two week high of C$24.48. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55. The stock has a market capitalization of C$487.56 million, a price-to-earnings ratio of -6.32, a PEG ratio of 0.64 and a beta of 0.09. The business’s fifty day moving average price is C$19.08 and its two-hundred day moving average price is C$13.91.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%.The business had revenue of C$552.10 million during the quarter.

Tidewater Midstream and Infrastructure Company Profile

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.