Scotiabank Issues Pessimistic Estimate for TSE:TWM Earnings

Key Points

• Scotiabank sharply lowered its FY2026 EPS forecast for Tidewater Midstream and Infrastructure to a loss of C$4.05 per share from a previous estimate of C$0.43, while maintaining a “Sector Perform” rating and C$21.00 price target.
• Tidewater reported quarterly EPS of C$0.56 on revenue of C$552.10 million, but continues to face weak profitability, including a negative 4.75% net margin and 42.19% negative return on equity.
• Despite Scotiabank’s caution, other analysts remain broadly positive: the stock has a “Moderate Buy” consensus rating and an average target price of C$23.60, compared with its reported opening price of C$21.25.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Free Report) - Research analysts at Scotiabank lowered their FY2026 EPS estimates for shares of Tidewater Midstream and Infrastructure in a report released on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of ($4.05) for the year, down from their previous estimate of ($0.43). Scotiabank currently has a "Sector Perform" rating and a $21.00 target price on the stock. The consensus estimate for Tidewater Midstream and Infrastructure's current full-year earnings is $0.02 per share.

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

Several other brokerages have also recently commented on TWM. ATB Cormark Capital Markets upped their target price on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. National Bank Financial lifted their price objective on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Scotia lifted their price objective 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. 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM stock opened at C$21.25 on Monday. Tidewater Midstream and Infrastructure has a 52-week low of C$4.00 and a 52-week high of C$24.48. The stock has a market cap of C$466.14 million, a PE ratio of -6.04, a PEG ratio of 0.64 and a beta of 0.09. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93. The firm's 50 day moving average price is C$19.15 and its two-hundred day moving average price is C$14.01.

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.

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