Kiwetinohk Energy Corp. (TSE:KEC) Forecasted to Post Q1 2024 Earnings of $0.50 Per Share

Kiwetinohk Energy Corp. (TSE:KEC) – Research analysts at Atb Cap Markets cut their Q1 2024 EPS estimates for shares of Kiwetinohk Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.50 per share for the quarter, down from their prior 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.

Other analysts also recently issued research reports about the stock. ATB Capital cut their price target on shares of Kiwetinohk Energy from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. National Bankshares cut their price target on shares of Kiwetinohk Energy from C$22.50 to C$20.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Finally, BMO Capital Markets set a C$17.00 price target on shares of Kiwetinohk Energy and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$20.00.

Kiwetinohk Energy Stock Performance

TSE KEC opened at C$12.30 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 1.26 and a debt-to-equity ratio of 31.06. The company has a market capitalization of C$537.02 million, a P/E ratio of 4.88 and a beta of 0.31. Kiwetinohk Energy has a 12-month low of C$10.61 and a 12-month high of C$14.42. The firm has a 50-day moving average price of C$11.55 and a two-hundred day moving average price of C$11.91.

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

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.