Kiwetinohk Energy (TSE:KEC) Reaches New 1-Year High – Should You Buy?

Kiwetinohk Energy Corp. (TSE:KEC) shares reached a new 52-week high during trading on Monday . The company traded as high as C$17.48 and last traded at C$17.48, with a volume of 470 shares trading hands. The stock had previously closed at C$17.46.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their target price on shares of Kiwetinohk Energy from C$20.00 to C$21.00 in a report on Friday, December 13th.

Kiwetinohk Energy Price Performance

The firm has a market capitalization of C$763.35 million, a P/E ratio of 37.19 and a beta of 0.29. 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 firm has a 50-day moving average of C$15.77 and a 200-day moving average of C$14.57.

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

Kiwetinohk Energy Company Profile

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.