Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Free Report) – Equities researchers at Atb Cap Markets cut their Q1 2024 earnings estimates for Tidewater Midstream and Infrastructure in a research note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.08 per share. Atb Cap Markets also issued estimates for Tidewater Midstream and Infrastructure’s FY2024 earnings at $0.04 EPS.
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.03). Tidewater Midstream and Infrastructure had a negative return on equity of 73.46% and a negative net margin of 17.48%. The company had revenue of C$503.00 million during the quarter.
Check Out Our Latest Report on TWM
Tidewater Midstream and Infrastructure Stock Down 1.4 %
TWM opened at C$0.73 on Thursday. The business’s fifty day simple moving average is C$0.80 and its 200 day simple moving average is C$0.92. Tidewater Midstream and Infrastructure has a 52 week low of C$0.70 and a 52 week high of C$1.10. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 233.13. The stock has a market cap of C$312.59 million, a PE ratio of -0.80, a P/E/G ratio of 0.64 and a beta of 1.80.
Insider Buying and Selling
In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$0.77, for a total transaction of C$38,500.00. 6.42% of the stock is owned by company insiders.
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.
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