Kiwetinohk Energy (TSE:KEC) Hits New 12-Month High – Should You Buy?

Shares of Kiwetinohk Energy Corp. (TSE:KEC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$15.50 and last traded at C$15.50, with a volume of 1600 shares changing hands. The stock had previously closed at C$15.35.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price target on Kiwetinohk Energy from C$18.00 to C$20.00 in a report on Thursday, November 7th.

Kiwetinohk Energy Stock Up 1.0 %

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’s 50-day moving average is C$14.88 and its 200 day moving average is C$13.91. The firm has a market capitalization of C$677.32 million, a PE ratio of 33.00 and a beta of 0.29.

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