Q2 2023 EPS Estimates for Kiwetinohk Energy Corp. (TSE:KEC) Lowered by Atb Cap Markets

Kiwetinohk Energy Corp. (TSE:KEC – Free Report) – Atb Cap Markets reduced their Q2 2023 earnings estimates for shares of Kiwetinohk Energy in a research report issued to clients and investors on Monday, July 17th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.62. The consensus estimate for Kiwetinohk Energy’s current full-year earnings is $2.60 per share. Atb Cap Markets also issued estimates for Kiwetinohk Energy’s Q3 2023 earnings at $0.49 EPS and FY2023 earnings at $2.87 EPS.

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Several other analysts have also issued reports on KEC. National Bankshares reduced their price objective on shares of Kiwetinohk Energy from C$25.00 to C$22.50 and set an “outperform” rating on the stock in a report on Wednesday, May 3rd. BMO Capital Markets reduced their price target on shares of Kiwetinohk Energy from C$18.00 to C$17.00 in a research note on Wednesday, May 3rd.

Kiwetinohk Energy Stock Performance

Shares of Kiwetinohk Energy stock opened at C$13.38 on Thursday. The firm has a market cap of C$590.06 million and a PE ratio of 2.25. The company has a quick ratio of 0.48, a current ratio of 0.97 and a debt-to-equity ratio of 23.13. Kiwetinohk Energy has a 52 week low of C$10.00 and a 52 week high of C$17.73. The business’s fifty day simple moving average is C$12.49 and its 200-day simple moving average is C$12.82.

Kiwetinohk Energy (TSE:KEC – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The company reported C$1.21 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.10. The firm had revenue of C$127.20 million for the quarter, compared to analysts’ expectations of C$124.80 million. Kiwetinohk Energy had a return on equity of 52.15% and a net margin of 37.48%.

About Kiwetinohk Energy

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Kiwetinohk Energy Corp., an energy transition company, engages in the development and production of natural gas in west-central Alberta. The company develops and operates renewable solar and wind power projects, and natural gas-fired power generation plants; produces hydrogen; produces and markets oil, condensate, carbon dioxide, and natural gas liquids.

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