Scotiabank Brokers Decrease Earnings Estimates for TSE:TWM

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Investment analysts at Scotiabank decreased their FY2026 EPS estimates for Tidewater Midstream and Infrastructure in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will earn ($4.05) per share for the year, down from their prior estimate of ($0.43). Scotiabank has a “Sector Perform” rating and a $21.00 price target on the stock. The consensus estimate for Tidewater Midstream and Infrastructure’s current full-year earnings is $0.02 per share.

A number of other brokerages also recently weighed in on TWM. ATB Cormark Capital Markets raised their price objective on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Scotia upped their target price on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a report on Sunday, August 16th. Finally, National Bank Financial lifted their price target on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Performance

TWM opened at C$20.34 on Monday. The company has a market cap of C$446.18 million, a PE ratio of -5.78, a price-to-earnings-growth ratio of 0.64 and a beta of 0.09. The stock has a 50-day moving average of C$19.28 and a 200-day moving average of C$14.22. Tidewater Midstream and Infrastructure has a 52-week low of C$4.00 and a 52-week high of C$24.48. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%.The company had revenue of C$552.10 million for the quarter.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.