Stifel Firstegy Weighs in on Tidewater Midstream and Infrastructure Ltd.’s FY2022 Earnings (TSE:TWM)

Tidewater Midstream and Infrastructure Ltd. (TSE:TWMGet Rating) – Investment analysts at Stifel Firstegy lowered their FY2022 earnings per share (EPS) estimates for shares of Tidewater Midstream and Infrastructure in a note issued to investors on Monday, November 14th. Stifel Firstegy analyst C. Pereira now expects that the company will earn $0.14 per share for the year, down from their prior estimate of $0.23. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.20 per share. Stifel Firstegy also issued estimates for Tidewater Midstream and Infrastructure’s FY2023 earnings at $0.15 EPS.

Several other analysts also recently issued reports on TWM. Credit Suisse Group decreased their price objective on shares of Tidewater Midstream and Infrastructure to C$1.35 in a report on Tuesday, October 25th. CSFB cut their price target on Tidewater Midstream and Infrastructure from C$1.75 to C$1.35 in a report on Tuesday, October 25th. National Bankshares lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research note on Friday, November 11th. Royal Bank of Canada cut their target price on shares of Tidewater Midstream and Infrastructure from C$1.75 to C$1.60 and set an “outperform” rating for the company in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$1.90 to C$1.80 in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$1.65.

Tidewater Midstream and Infrastructure Stock Down 3.3 %

Shares of Tidewater Midstream and Infrastructure stock opened at C$1.18 on Wednesday. Tidewater Midstream and Infrastructure has a 12-month low of C$0.97 and a 12-month high of C$1.72. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 96.49. The stock has a 50 day moving average price of C$1.14 and a two-hundred day moving average price of C$1.25. The stock has a market capitalization of C$498.87 million and a P/E ratio of 8.43.

Tidewater Midstream and Infrastructure Company Profile

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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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Earnings History and Estimates for Tidewater Midstream and Infrastructure (TSE:TWM)

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