Q1 2023 Earnings Forecast for Tidewater Midstream and Infrastructure Ltd. Issued By Stifel Firstegy (TSE:TWM)

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Rating) – Stifel Firstegy reduced their Q1 2023 earnings per share (EPS) estimates for Tidewater Midstream and Infrastructure in a note issued to investors on Monday, March 13th. Stifel Firstegy analyst C. Pereira now expects that the company will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.03. Stifel Firstegy has a “Hold” rating on the stock. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.14 per share. Stifel Firstegy also issued estimates for Tidewater Midstream and Infrastructure’s Q3 2023 earnings at $0.04 EPS, FY2023 earnings at $0.09 EPS and FY2024 earnings at $0.14 EPS.

Other equities analysts have also issued research reports about the company. National Bank Financial lowered Tidewater Midstream and Infrastructure from an “outperform overweight” rating to a “sector perform market weight” rating in a research note on Friday, March 10th. Credit Suisse Group increased their target price on Tidewater Midstream and Infrastructure from C$1.35 to C$1.40 and gave the stock an “outperform” rating in a research note on Friday, December 9th. Scotiabank decreased their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.30 in a research note on Friday, March 10th. Canaccord Genuity Group decreased their target price on Tidewater Midstream and Infrastructure from C$1.65 to C$1.50 in a research note on Monday. Finally, Royal Bank of Canada decreased their target price on Tidewater Midstream and Infrastructure from C$1.60 to C$1.50 and set an “outperform” rating on the stock in a research note on Friday, March 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$1.47.

Tidewater Midstream and Infrastructure Price Performance

TWM stock opened at C$0.89 on Wednesday. The business’s fifty day moving average price is C$1.05 and its 200 day moving average price is C$1.10. Tidewater Midstream and Infrastructure has a 12-month low of C$0.85 and a 12-month high of C$1.72. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 94.08. The company has a market capitalization of C$377.89 million, a PE ratio of 44.50, a P/E/G ratio of 0.64 and a beta of 1.62.

Tidewater Midstream and Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.04 annualized dividend and a yield of 4.49%. Tidewater Midstream and Infrastructure’s dividend payout ratio (DPR) is 200.00%.

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.