Scotiabank Has Bullish Forecast for TSE:TWM FY2026 Earnings

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) – Investment analysts at Scotiabank increased their FY2026 earnings estimates for shares of Tidewater Midstream and Infrastructure in a report released on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will earn ($3.81) per share for the year, up from their prior forecast of ($4.05). Scotiabank has a “Sector Perform” rating and a $21.00 price objective 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 commented on TWM. National Bank Financial boosted their target price on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Scotia raised their price target on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets raised their price target on Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$24.00.

Tidewater Midstream and Infrastructure Price Performance

TWM opened at C$24.14 on Monday. The stock has a market cap of C$529.54 million, a price-to-earnings ratio of -6.86, a PEG ratio of 0.64 and a beta of -0.19. Tidewater Midstream and Infrastructure has a 1 year low of C$4.49 and a 1 year high of C$26.59. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 309.29. The stock has a fifty day moving average price of C$23.05 and a 200 day moving average price of C$15.33.

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

Tidewater Midstream and Infrastructure Company Profile

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.