Kiwetinohk Energy (TSE:KEC) Sets New 52-Week High – Time to Buy?

Shares of Kiwetinohk Energy Corp. (TSE:KEC) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$16.35 and last traded at C$16.35, with a volume of 14775 shares changing hands. The stock had previously closed at C$15.75.

Wall Street Analyst Weigh In

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

Kiwetinohk Energy Stock Up 3.8 %

The stock has a market cap of C$714.00 million, a P/E ratio of 34.79 and a beta of 0.29. 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 company has a 50-day simple moving average of C$15.39 and a two-hundred day simple moving average of C$14.33.

Kiwetinohk Energy (TSE:KEC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.73 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.31. The company had revenue of C$116.71 million during the quarter, compared to analyst estimates of C$117.00 million. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. On average, equities 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.