Atb Cap Markets Brokers Cut Earnings Estimates for Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Research analysts at Atb Cap Markets decreased their Q1 2024 earnings per share estimates for Tidewater Midstream and Infrastructure in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of ($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) last released its quarterly earnings data on Thursday, March 14th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.03). The firm had revenue of C$503.00 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 73.46% and a negative net margin of 17.48%.

Several other equities analysts have also commented on TWM. Royal Bank of Canada lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. National Bankshares dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. CIBC cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$1.50 to C$1.10 in a research note on Friday, March 15th. Finally, Scotiabank lowered their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Tidewater Midstream and Infrastructure has an average rating of “Moderate Buy” and an average price target of C$1.11.

Tidewater Midstream and Infrastructure Trading Down 3.9 %

TWM stock opened at C$0.74 on Thursday. The firm has a fifty day moving average price of C$0.80 and a 200 day moving average price of C$0.92. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.70 and a fifty-two week high of C$1.10. The firm has a market cap of C$316.87 million, a PE ratio of -0.81, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80. The company has a debt-to-equity ratio of 233.13, a quick ratio of 0.55 and a current ratio of 0.65.

Insider Activity at Tidewater Midstream and Infrastructure

In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$0.77, for a total value of C$38,500.00. 6.42% of the stock is currently owned by insiders.

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.