Scotiabank Has Optimistic Outlook of TSE:TWM FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for Tidewater Midstream and Infrastructure to C$1.94 from C$1.78, while maintaining a “Sector Perform” rating and C$21.00 price target.
• Analyst sentiment has improved, with National Bank Financial, ATB Cormark, and Scotia increasing price targets and RBC upgrading the stock. The shares carry a consensus “Moderate Buy” rating and C$23.60 target price.
• Tidewater reported quarterly EPS of C$0.56 on C$552.1 million in revenue, but continues to show financial strain, including a 309.29 debt-to-equity ratio, negative return on equity, and negative net margin.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Free Report) - Equities researchers at Scotiabank raised their FY2027 earnings estimates for Tidewater Midstream and Infrastructure in a research note issued on Wednesday, August 19th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $1.94 for the year, up from their prior forecast of $1.78. Scotiabank currently 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.

Several other research firms have 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. Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure from a "hold" rating to a "moderate buy" rating in a report on Sunday, August 16th. ATB Cormark Capital Markets increased their target price on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Finally, Scotia lifted their price target on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Stock Performance

Shares of Tidewater Midstream and Infrastructure stock opened at C$22.25 on Friday. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55. The firm has a market cap of C$487.56 million, a price-to-earnings ratio of -6.32, a price-to-earnings-growth ratio of 0.64 and a beta of 0.09. The stock's 50-day moving average is C$19.08 and its 200-day moving average is C$13.91. Tidewater Midstream and Infrastructure has a one year low of C$4.00 and a one year high of C$24.48.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last released 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 return on equity of 42.19% and a negative net margin of 4.75%.The firm had revenue of C$552.10 million during 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.

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