Kiwetinohk Energy (TSE:KEC) Hits New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

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

Kiwetinohk Energy Stock Up 0.1 %

The company’s 50 day moving average price is C$15.77 and its two-hundred day moving average price is C$14.57. 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 market cap of C$763.35 million, a P/E ratio of 37.19 and a beta of 0.29.

Kiwetinohk Energy (TSE:KEC) last posted 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. 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 during the quarter, compared to the consensus estimate of C$117.00 million. As a group, research analysts expect that Kiwetinohk Energy Corp. will post 2.352 earnings per share 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.