Atb Cap Markets Comments on Kiwetinohk Energy Corp.’s Q1 2024 Earnings (TSE:KEC)

Kiwetinohk Energy Corp. (TSE:KEC) – Equities research analysts at Atb Cap Markets cut their Q1 2024 earnings estimates for Kiwetinohk Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.50 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 results on Wednesday, March 6th. The company reported C$0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.62 by C$0.33. Kiwetinohk Energy had a net margin of 24.95% and a return on equity of 17.07%. The business had revenue of C$121.17 million for the quarter, compared to analyst estimates of C$122.90 million.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets set a C$17.00 price objective on shares of Kiwetinohk Energy and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. ATB Capital lowered their price objective on shares of Kiwetinohk Energy from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Finally, National Bankshares lowered their price objective on shares of 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$20.00.

Kiwetinohk Energy Trading Down 0.2 %

TSE:KEC opened at C$12.36 on Wednesday. Kiwetinohk Energy has a 12 month low of C$10.61 and a 12 month high of C$14.42. The firm has a fifty day simple moving average of C$11.60 and a 200-day simple moving average of C$11.92. The company has a current ratio of 1.26, a quick ratio of 0.48 and a debt-to-equity ratio of 31.06. The company has a market capitalization of C$539.64 million, a P/E ratio of 4.90 and a beta of 0.31.

About Kiwetinohk Energy

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.