Kiwetinohk Energy (TSE:KEC) Sets New 1-Year High – Time to Buy?

Shares of Kiwetinohk Energy Corp. (TSE:KEC) hit a new 52-week high on Monday . The stock traded as high as C$17.15 and last traded at C$17.15, with a volume of 2350 shares traded. The stock had previously closed at C$17.06.

Analysts Set New Price Targets

Separately, BMO Capital Markets upped their price objective on Kiwetinohk Energy from C$20.00 to C$21.00 in a research report on Friday, December 13th.

Kiwetinohk Energy Stock Up 0.2 %

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 simple moving average of C$15.54 and a 200-day simple moving average of C$14.43. The firm has a market capitalization of C$746.76 million, a PE ratio of 36.38 and a beta of 0.29.

Kiwetinohk Energy (TSE:KEC) last released its earnings results on Wednesday, November 6th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.31. Kiwetinohk Energy had a return on equity of 3.03% and a net margin of 4.53%. The business had revenue of C$116.71 million during the quarter, compared to the consensus estimate of C$117.00 million. Analysts forecast that Kiwetinohk Energy Corp. will post 2.352 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.