Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Rating) – Equities researchers at Atb Cap Markets reduced their FY2022 earnings per share estimates for shares of Tidewater Midstream and Infrastructure in a note issued to investors on Thursday, November 10th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.15 per share for the year, down from their previous forecast of $0.25. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.20 per share.
Tidewater Midstream and Infrastructure (TSE:TWM – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$793.57 million for the quarter, compared to analysts’ expectations of C$585.00 million.
Other analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Tidewater Midstream and Infrastructure from C$1.75 to C$1.60 and set an “outperform” rating on the stock in a research note on Wednesday, August 17th. Credit Suisse Group lowered their target price on Tidewater Midstream and Infrastructure to C$1.35 in a research note on Tuesday, October 25th. CIBC reduced their price target on Tidewater Midstream and Infrastructure from C$1.75 to C$1.60 in a report on Tuesday, October 11th. Scotiabank reduced their price target on Tidewater Midstream and Infrastructure from C$1.75 to C$1.50 in a report on Thursday, October 20th. Finally, CSFB reduced their price target on Tidewater Midstream and Infrastructure from C$1.75 to C$1.35 in a report on Tuesday, October 25th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$1.66.
Tidewater Midstream and Infrastructure stock opened at C$1.17 on Monday. The company has a debt-to-equity ratio of 116.22, a quick ratio of 0.54 and a current ratio of 0.78. The business’s 50-day simple moving average is C$1.14 and its two-hundred day simple moving average is C$1.26. The company has a market cap of C$493.74 million and a PE ratio of 8.36. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.72.
Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia.
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