Kiwetinohk Energy (TSE:KEC) Hits New 1-Year High – Here’s Why

Kiwetinohk Energy Corp. (TSE:KEC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$15.33 and last traded at C$15.33, with a volume of 100 shares. The stock had previously closed at C$15.10.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their price objective on Kiwetinohk Energy from C$18.00 to C$20.00 in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kiwetinohk Energy currently has a consensus rating of “Buy” and an average target price of C$20.20.

Kiwetinohk Energy Stock Performance

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 company has a market cap of C$665.97 million, a P/E ratio of 32.32 and a beta of 0.29. The stock’s fifty day moving average price is C$14.54 and its two-hundred day moving average price is C$13.68.

Kiwetinohk Energy (TSE:KEC) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of C$116.71 million during the quarter, compared to the consensus estimate of C$117.00 million. As a group, equities analysts predict that Kiwetinohk Energy Corp. will post 2.352 earnings per share for the current year.

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.