Tidewater Midstream and Infrastructure (TWMIF) Set to Post Quarterly Earnings on Thursday

Tidewater Midstream and Infrastructure (OTCMKTS:TWMIF) will likely be announcing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $1.03 per share and revenue of $279.77 million for the quarter.

Tidewater Midstream and Infrastructure Trading Down 4.7%

OTCMKTS:TWMIF opened at $16.60 on Thursday. The company’s 50-day moving average is $16.53 and its two-hundred day moving average is $11.43. Tidewater Midstream and Infrastructure has a 1-year low of $3.31 and a 1-year high of $18.67.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TWMIF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Tidewater Midstream and Infrastructure in a research report on Friday, August 14th. Royal Bank Of Canada raised Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd. is a Canadian energy infrastructure company focused on the development, ownership and operation of assets serving the natural gas and natural gas liquids industries. The company’s activities are concentrated in Western Canada, particularly Alberta and British Columbia.

Its operations include natural gas processing, liquids extraction and fractionation, pipeline transportation, storage and related midstream services. Tidewater also has interests in power generation and markets natural gas, natural gas liquids and other energy products produced or handled through its infrastructure network.

Founded in 2015 and headquartered in Calgary, Alberta, Tidewater has developed and acquired infrastructure intended to connect Western Canadian producers with domestic and export markets.