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

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

Tidewater Midstream and Infrastructure Trading Down 4.7%

TWMIF stock opened at $16.60 on Thursday. Tidewater Midstream and Infrastructure has a 12-month low of $3.31 and a 12-month high of $18.67. The business’s fifty day moving average price is $16.53 and its 200 day moving average price is $11.43.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TWMIF. Royal Bank Of Canada raised Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 14th. Scotiabank reissued a “sector perform” rating on shares of Tidewater Midstream and Infrastructure in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Tidewater Midstream and Infrastructure presently 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.