Tidewater Midstream and Infrastructure Ltd. Forecasted to Post FY2024 Earnings of $0.08 Per Share (TSE:TWM)

Tidewater Midstream and Infrastructure Ltd. (TSE:TWMFree Report) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share estimates for Tidewater Midstream and Infrastructure in a report released on Monday, January 29th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $0.08 per share for the year, down from their prior forecast of $0.14. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.11 per share. National Bank Financial also issued estimates for Tidewater Midstream and Infrastructure’s FY2026 earnings at $0.12 EPS and FY2027 earnings at $0.08 EPS.

Separately, National Bankshares reduced their price objective on Tidewater Midstream and Infrastructure from C$1.25 to C$1.10 and set a “sector perform” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Moderate Buy” and an average price target of C$1.35.

Check Out Our Latest Stock Analysis on Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Stock Down 1.1 %

TWM opened at C$0.93 on Wednesday. Tidewater Midstream and Infrastructure has a 1-year low of C$0.84 and a 1-year high of C$1.13. The company has a current ratio of 1.16, a quick ratio of 0.55 and a debt-to-equity ratio of 146.58. The stock has a market capitalization of C$397.20 million, a price-to-earnings ratio of -4.23, a P/E/G ratio of 0.64 and a beta of 1.71. The business has a 50 day moving average of C$1.01 and a 200-day moving average of C$1.01.

Tidewater Midstream and Infrastructure (TSE:TWMGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported C($0.05) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 3.48% and a negative return on equity of 11.73%. The business had revenue of C$582.10 million during the quarter, compared to the consensus estimate of C$652.00 million.

Insider Activity at Tidewater Midstream and Infrastructure

In related news, Director Robert Colcleugh sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$0.98, for a total value of C$98,000.00. 6.37% of the stock is owned by company insiders.

Tidewater Midstream and Infrastructure Company Profile

(Get Free Report)

Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in North America. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable space. 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; gathering, processing, and transporting natural gas and NGLs; and NGL extraction and marketing.

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