Tidewater Midstream & Infrastructure Ltd (TWM) Expected to Earn FY2017 Earnings of $0.07 Per Share
Tidewater Midstream & Infrastructure Ltd (CVE:TWM) – Equities researchers at Desjardins dropped their FY2017 earnings estimates for Tidewater Midstream & Infrastructure in a research report issued to clients and investors on Wednesday. Desjardins analyst J. Bouchard now forecasts that the company will post earnings of $0.07 per share for the year, down from their previous estimate of $0.08. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Tidewater Midstream & Infrastructure’s FY2018 earnings at $0.10 EPS.
TWM has been the topic of a number of other research reports. Beacon Securities reissued a “buy” rating on shares of Tidewater Midstream & Infrastructure in a research report on Thursday, August 10th. Royal Bank Of Canada decreased their price target on Tidewater Midstream & Infrastructure from C$1.80 to C$1.70 and set a “sector perform” rating for the company in a research note on Friday, August 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$2.10.
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In related news, Director Joel Macleod purchased 23,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of C$1.30 per share, for a total transaction of C$29,900.00. Over the last 90 days, insiders acquired 66,400 shares of company stock valued at $86,154.
About Tidewater Midstream & Infrastructure
Tidewater Midstream and Infrastructure Ltd is a Canada-based company within midstream and infrastructure industry. It purchases, sales and transports natural gas liquids (NGLs) throughout North America, as well as exports NGLs to overseas markets. The NGLs the Company deals with comprise ethane, propane, butane and natural gasoline.
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