Kiwetinohk Energy (TSE:KEC) Reaches New 12-Month High at $14.00

Kiwetinohk Energy Corp. (TSE:KEC)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$14.00 and last traded at C$14.00, with a volume of 7652 shares. The stock had previously closed at C$13.60.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised their target price on shares of Kiwetinohk Energy from C$17.00 to C$18.00 in a report on Friday, August 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, Kiwetinohk Energy has an average rating of “Buy” and an average target price of C$20.17.

Kiwetinohk Energy Trading Down 0.1 %

The stock has a market cap of C$610.94 million, a price-to-earnings ratio of 8.97 and a beta of 0.28. The business has a 50-day simple moving average of C$13.32 and a two-hundred day simple moving average of C$12.39. The company has a debt-to-equity ratio of 29.28, a quick ratio of 0.48 and a current ratio of 1.00.

Kiwetinohk Energy (TSE:KEC) last announced its earnings results on Wednesday, July 31st. The company reported C$0.55 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.01. The business had revenue of C$112.40 million during the quarter, compared to analysts’ expectations of C$124.70 million. Kiwetinohk Energy had a net margin of 15.41% and a return on equity of 10.02%. As a group, research analysts forecast that Kiwetinohk Energy Corp. will post 2.0545746 EPS 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.