Beacon Securities Weighs in on Tidewater Midstream & Infrastructure Ltd’s FY2017 Earnings (TWM)

Tidewater Midstream & Infrastructure Ltd (CVE:TWM) – Investment analysts at Beacon Securities cut their FY2017 EPS estimates for shares of Tidewater Midstream & Infrastructure in a research report issued on Wednesday. Beacon Securities analyst L. Dunkley now anticipates that the company will earn $0.06 per share for the year, down from their prior estimate of $0.10. Beacon Securities currently has a “Buy” rating on the stock. Beacon Securities also issued estimates for Tidewater Midstream & Infrastructure’s FY2018 earnings at $0.10 EPS.

A number of other equities research analysts have also recently weighed in on TWM. Royal Bank Of Canada upgraded Tidewater Midstream & Infrastructure from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$1.70 to C$2.00 in a research note on Wednesday. CIBC set a C$2.40 price objective on Tidewater Midstream & Infrastructure in a research note on Thursday, November 2nd. Finally, Desjardins reiterated a “buy” rating on shares of Tidewater Midstream & Infrastructure in a research note on Wednesday, August 16th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$2.18.

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Shares of Tidewater Midstream & Infrastructure (CVE TWM) opened at C$1.49 on Friday. Tidewater Midstream & Infrastructure has a 52 week low of C$1.24 and a 52 week high of C$1.74.

In other news, Director Joel Macleod acquired 23,000 shares of Tidewater Midstream & Infrastructure stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of C$1.30 per share, for a total transaction of C$29,900.00. In the last quarter, insiders acquired 49,800 shares of company stock valued at $64,740.

Tidewater Midstream & Infrastructure Company Profile

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.

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

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