Q1 2024 EPS Estimates for Kiwetinohk Energy Corp. Decreased by Atb Cap Markets (TSE:KEC)

Kiwetinohk Energy Corp. (TSE:KEC) – Equities research analysts at Atb Cap Markets reduced their Q1 2024 earnings per share (EPS) estimates for Kiwetinohk Energy in a research note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.50 per share for the quarter, down from their previous forecast of $0.77. The consensus estimate for Kiwetinohk Energy’s current full-year earnings is $2.65 per share. Atb Cap Markets also issued estimates for Kiwetinohk Energy’s Q2 2024 earnings at $0.42 EPS, Q3 2024 earnings at $0.49 EPS, Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $2.00 EPS, FY2025 earnings at $2.27 EPS, FY2026 earnings at $0.91 EPS, FY2027 earnings at $0.93 EPS and FY2028 earnings at $0.99 EPS.

Kiwetinohk Energy (TSE:KEC) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.62 by C$0.33. Kiwetinohk Energy had a return on equity of 17.07% and a net margin of 24.95%. The company had revenue of C$121.17 million during the quarter, compared to the consensus estimate of C$122.90 million.

KEC has been the subject of several other research reports. National Bankshares lowered their price objective on Kiwetinohk Energy from C$22.50 to C$20.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. ATB Capital decreased their target price on shares of Kiwetinohk Energy from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, BMO Capital Markets set a C$17.00 target price on shares of Kiwetinohk Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$20.00.

Kiwetinohk Energy Stock Performance

Kiwetinohk Energy stock opened at C$12.38 on Wednesday. The business has a 50 day moving average of C$11.58 and a 200-day moving average of C$11.91. Kiwetinohk Energy has a 1 year low of C$10.61 and a 1 year high of C$14.42. The company has a debt-to-equity ratio of 31.06, a current ratio of 1.26 and a quick ratio of 0.48. The company has a market capitalization of C$540.51 million, a P/E ratio of 4.91 and a beta of 0.31.

Kiwetinohk Energy Company Profile

Kiwetinohk Energy Corp., an energy transition company, develops and produces of natural gas and related products in Canada. The company sells crude oil, natural gas, condensate, and natural gas liquids. It also in the process of developing renewable, and natural gas-fired power generation projects to incorporate carbon capture technology, as well as explores and develops of petroleum and natural gas in western Canada.