FY2024 EPS Forecast for Kiwetinohk Energy Lowered by Analyst

Kiwetinohk Energy Corp. (TSE:KEC) – Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for Kiwetinohk Energy in a note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.82 per share for the year, down from their prior forecast of $0.85. The consensus estimate for Kiwetinohk Energy’s current full-year earnings is $2.35 per share. Atb Cap Markets also issued estimates for Kiwetinohk Energy’s Q4 2024 earnings at $0.43 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.70 EPS, FY2025 earnings at $2.41 EPS, FY2026 earnings at $2.51 EPS and FY2027 earnings at $1.36 EPS.

Separately, BMO Capital Markets lifted their price objective on Kiwetinohk Energy from C$20.00 to C$21.00 in a report on Friday, December 13th.

Kiwetinohk Energy Trading Up 0.3 %

TSE KEC opened at C$15.69 on Friday. The company has a market capitalization of C$685.18 million, a price-to-earnings ratio of 33.38 and a beta of 0.29. The stock’s 50-day simple moving average is C$15.33 and its two-hundred day simple moving average is C$14.22. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 31.07. Kiwetinohk Energy has a twelve month low of C$10.61 and a twelve month high of C$16.31.

Kiwetinohk Energy (TSE:KEC) last posted its earnings results on Wednesday, November 6th. The company reported C$0.73 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.31. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. The company had revenue of C$116.71 million for the quarter, compared to analyst estimates of C$117.00 million.

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.