Atb Cap Markets Brokers Cut Earnings Estimates for TSE:KEC

Kiwetinohk Energy Corp. (TSE:KEC) – Equities researchers at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for Kiwetinohk Energy in a research report issued to clients and investors on Tuesday, December 17th. Atb Cap Markets analyst A. Arif now anticipates 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 boosted their price objective on shares of Kiwetinohk Energy from C$20.00 to C$21.00 in a research note on Friday, December 13th.

Kiwetinohk Energy Stock Performance

Shares of KEC stock opened at C$15.65 on Friday. The company has a debt-to-equity ratio of 31.07, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market capitalization of C$683.44 million, a price-to-earnings ratio of 33.30 and a beta of 0.29. Kiwetinohk Energy has a one year low of C$10.61 and a one year high of C$16.31. The company has a 50 day moving average price of C$15.32 and a 200 day moving average price of C$14.20.

Kiwetinohk Energy (TSE:KEC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.73 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of C$117.00 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.