Atb Cap Markets Analysts Reduce Earnings Estimates for Kiwetinohk Energy Corp. (TSE:KEC)

Kiwetinohk Energy Corp. (TSE:KEC) – Investment analysts at Atb Cap Markets dropped their FY2023 earnings per share (EPS) estimates for shares of Kiwetinohk Energy in a report issued on Tuesday, November 14th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $2.24 per share for the year, down from their prior forecast of $2.26. The consensus estimate for Kiwetinohk Energy’s current full-year earnings is $2.92 per share.

Several other brokerages also recently commented on KEC. Stifel Nicolaus set a C$18.00 price objective on shares of Kiwetinohk Energy and gave the stock a “buy” rating in a research report on Thursday. Cormark cut their price objective on shares of Kiwetinohk Energy from C$24.00 to C$22.00 in a research report on Friday, November 10th. ATB Capital decreased their target price on Kiwetinohk Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Finally, Eight Capital set a C$21.00 price target on Kiwetinohk Energy and gave the stock a “buy” rating in a research note on Friday.

Kiwetinohk Energy Trading Down 0.2 %

Shares of KEC stock opened at C$13.05 on Friday. Kiwetinohk Energy has a fifty-two week low of C$10.00 and a fifty-two week high of C$15.29. The company has a debt-to-equity ratio of 31.05, a quick ratio of 0.48 and a current ratio of 0.75. The stock has a 50 day simple moving average of C$13.06 and a two-hundred day simple moving average of C$12.84. The company has a market cap of C$570.68 million and a P/E ratio of 3.25.

About Kiwetinohk Energy

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.