Kiwetinohk Energy Corp. to Post Q3 2024 Earnings of $0.42 Per Share, Atb Cap Markets Forecasts (TSE:KEC)

Kiwetinohk Energy Corp. (TSE:KEC) – Analysts at Atb Cap Markets lowered their Q3 2024 EPS estimates for shares of Kiwetinohk Energy in a report released on Thursday, September 12th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.42 per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for Kiwetinohk Energy’s current full-year earnings is $2.66 per share. Atb Cap Markets also issued estimates for Kiwetinohk Energy’s FY2024 earnings at $0.56 EPS.

Kiwetinohk Energy (TSE:KEC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.55 earnings per share for the quarter, topping the consensus estimate of C$0.54 by C$0.01. The company had revenue of C$112.40 million for the quarter, compared to analysts’ expectations of C$124.70 million. Kiwetinohk Energy had a return on equity of 3.03% and a net margin of 4.53%.

Separately, BMO Capital Markets lifted their price objective on shares of Kiwetinohk Energy from C$17.00 to C$18.00 in a research note on Friday, August 2nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kiwetinohk Energy has a consensus rating of “Buy” and an average target price of C$20.17.

Kiwetinohk Energy Stock Performance

TSE KEC opened at C$13.75 on Monday. The business’s 50 day moving average price is C$13.77 and its 200-day moving average price is C$12.84. Kiwetinohk Energy has a fifty-two week low of C$10.61 and a fifty-two week high of C$14.90. The company has a market cap of C$600.46 million, a P/E ratio of 29.26 and a beta of 0.32. The company has a debt-to-equity ratio of 31.07, a quick ratio of 0.48 and a current ratio of 0.68.

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.