Tidewater Midstream & Infrastructure Ltd (TSE:TWM) – Stock analysts at National Bank Financial dropped their FY2019 earnings estimates for shares of Tidewater Midstream & Infrastructure in a research report issued on Wednesday, May 15th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $0.11 per share for the year, down from their previous forecast of $0.15. National Bank Financial currently has a “Outperform” rating and a $2.25 target price on the stock. National Bank Financial also issued estimates for Tidewater Midstream & Infrastructure’s FY2020 earnings at $0.23 EPS.

A number of other brokerages have also recently issued reports on TWM. CIBC reduced their price objective on shares of Tidewater Midstream & Infrastructure from C$2.10 to C$2.05 in a research note on Wednesday. GMP Securities increased their price objective on shares of Tidewater Midstream & Infrastructure from C$2.00 to C$2.25 in a research note on Tuesday, March 26th. Finally, AltaCorp Capital reissued an “outperform” rating on shares of Tidewater Midstream & Infrastructure in a research note on Wednesday, February 13th.

Shares of TSE TWM opened at C$1.50 on Friday. The company has a debt-to-equity ratio of 104.95, a current ratio of 0.45 and a quick ratio of 0.38. The firm has a market capitalization of $486.27 million and a PE ratio of 62.50. Tidewater Midstream & Infrastructure has a 1 year low of C$1.20 and a 1 year high of C$1.57.

Tidewater Midstream & Infrastructure (TSE:TWM) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$123.67 million for the quarter, compared to analysts’ expectations of C$74.80 million.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were paid a $0.01 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.67%. Tidewater Midstream & Infrastructure’s dividend payout ratio (DPR) is presently 166.67%.

About Tidewater Midstream & Infrastructure

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.

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Earnings History and Estimates for Tidewater Midstream & Infrastructure (TSE:TWM)

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