Tidewater Midstream and Infrastructure Ltd. to Post Q2 2022 Earnings of $0.06 Per Share, Stifel Firstegy Forecasts (TSE:TWM)

Tidewater Midstream and Infrastructure Ltd. (TSE:TWMGet Rating) – Research analysts at Stifel Firstegy boosted their Q2 2022 earnings per share (EPS) estimates for shares of Tidewater Midstream and Infrastructure in a report released on Thursday, July 28th. Stifel Firstegy analyst C. Pereira now forecasts that the company will earn $0.06 per share for the quarter, up from their previous estimate of $0.05. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.22 per share.

Tidewater Midstream and Infrastructure (TSE:TWMGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.04). The firm had revenue of C$658.42 million during the quarter, compared to analysts’ expectations of C$464.00 million.

Several other brokerages have also commented on TWM. Stifel Nicolaus reduced their price objective on Tidewater Midstream and Infrastructure from C$2.25 to C$2.10 in a research report on Thursday. Credit Suisse Group dropped their target price on Tidewater Midstream and Infrastructure from C$2.25 to C$1.75 and set an “outperform” rating for the company in a report on Friday, July 15th. CSFB dropped their target price on Tidewater Midstream and Infrastructure from C$2.25 to C$1.75 in a report on Friday, July 15th. Scotiabank dropped their target price on Tidewater Midstream and Infrastructure from C$2.00 to C$1.75 in a report on Thursday. Finally, CIBC increased their target price on Tidewater Midstream and Infrastructure from C$2.00 to C$2.05 in a report on Thursday, July 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$1.93.

Tidewater Midstream and Infrastructure Price Performance

Shares of Tidewater Midstream and Infrastructure stock opened at C$1.24 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 114.60. The firm has a market capitalization of C$423.83 million and a PE ratio of 4.77. The business’s 50-day moving average price is C$1.39 and its 200-day moving average price is C$1.34. Tidewater Midstream and Infrastructure has a 12 month low of C$1.15 and a 12 month high of C$1.72.

About Tidewater Midstream and Infrastructure

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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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