Q2 2023 Earnings Estimate for Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Issued By Stifel Firstegy

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Rating) – Investment analysts at Stifel Firstegy issued their Q2 2023 earnings estimates for shares of Tidewater Midstream and Infrastructure in a research report issued on Monday, March 13th. Stifel Firstegy analyst C. Pereira forecasts that the company will post earnings per share of ($0.02) for the quarter. 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 Q4 2023 earnings at $0.05 EPS.

Several other equities research analysts have also issued reports on the stock. National Bankshares lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$1.50 to C$1.10 in a report on Friday, March 10th. National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from an “outperform overweight” rating to a “sector perform market weight” rating in a research note on Friday, March 10th. Stifel Nicolaus lowered shares of Tidewater Midstream and Infrastructure from a “buy” rating to a “hold” rating and decreased their price target for the company from C$1.80 to C$1.15 in a research note on Tuesday. CSFB upped their target price on shares of Tidewater Midstream and Infrastructure from C$1.40 to C$1.50 in a research note on Wednesday, February 8th. Finally, Credit Suisse Group boosted their price target on shares of Tidewater Midstream and Infrastructure from C$1.35 to C$1.40 and gave the stock an “outperform” rating in a report on Friday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$1.47.

Tidewater Midstream and Infrastructure Stock Up 1.1 %

Shares of TWM stock opened at C$0.90 on Thursday. Tidewater Midstream and Infrastructure has a 12-month low of C$0.85 and a 12-month high of C$1.72. The firm has a fifty day moving average of C$1.05 and a 200-day moving average of C$1.09. The company has a market capitalization of C$382.14 million, a price-to-earnings ratio of 45.00, a P/E/G ratio of 0.64 and a beta of 1.62. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 94.08.

Tidewater Midstream and Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.04 dividend on an annualized basis and a yield of 4.44%. Tidewater Midstream and Infrastructure’s dividend payout ratio is currently 200.00%.

Tidewater Midstream and Infrastructure Company Profile

(Get Rating)

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.