Kiwetinohk Energy (TSE:KEC) Reaches New 12-Month High – Here’s What Happened

Kiwetinohk Energy Corp. (TSE:KEC) shares 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 traded. The stock had previously closed at C$15.10.

Analyst Upgrades and Downgrades

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

Kiwetinohk Energy Stock Performance

The firm has a market cap of C$659.85 million, a price-to-earnings ratio of 32.13 and a beta of 0.29. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 31.07. The stock has a 50 day moving average of C$14.50 and a 200 day moving average of C$13.65.

Kiwetinohk Energy (TSE:KEC) last issued its earnings results on Wednesday, November 6th. The company reported C$0.73 earnings per share 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 firm had revenue of C$116.71 million for the quarter, compared to analyst estimates of C$117.00 million. As a group, analysts anticipate that Kiwetinohk Energy Corp. will post 2.352 EPS for the current fiscal 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.