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

Kiwetinohk Energy Corp. (TSE:KEC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$15.33 and last traded at C$15.33, with a volume of 100 shares changing hands. The stock had previously closed at C$15.10.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their price objective on shares of Kiwetinohk Energy from C$18.00 to C$20.00 in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kiwetinohk Energy presently has a consensus rating of “Buy” and an average price target of C$20.20.

Kiwetinohk Energy Price Performance

The firm has a market cap of C$665.97 million, a P/E ratio of 32.32 and a beta of 0.29. The stock’s 50-day moving average is C$14.54 and its 200-day moving average is C$13.68. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 31.07.

Kiwetinohk Energy (TSE:KEC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$116.71 million for the quarter, compared to the consensus estimate of C$117.00 million. As a group, equities analysts anticipate that Kiwetinohk Energy Corp. will post 2.352 EPS 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.