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

Kiwetinohk Energy Corp. (TSE:KEC - Free Report) - Analysts at Atb Cap Markets cut their Q1 2024 earnings per share 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 per share of $0.50 for the quarter, down from their prior estimate 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 research analysts have also recently issued research reports about the stock. National Bankshares cut 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 report on Wednesday, January 10th. ATB Capital reduced their price target on 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. Finally, BMO Capital Markets set a C$17.00 price objective on Kiwetinohk Energy and gave the company 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, the company has a consensus rating of "Buy" and an average target price of C$20.00.

Kiwetinohk Energy Stock Performance

Shares of TSE:KEC traded up C$0.08 during trading on Wednesday, hitting C$12.38. 412 shares of the stock traded hands, compared to its average volume of 9,141. The company has a fifty day moving average price of C$11.55 and a two-hundred day moving average price of C$11.91. Kiwetinohk Energy has a 52-week low of C$10.61 and a 52-week high of C$14.42. The company has a market cap of C$540.51 million, a price-to-earnings ratio of 4.88 and a beta of 0.31. The company has a quick ratio of 0.48, a current ratio of 1.26 and a debt-to-equity ratio of 31.06.

Kiwetinohk Energy (TSE:KEC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.95 earnings per share 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 analysts' expectations of C$122.90 million.

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.