Kiwetinohk Energy (TSE:KEC) Reaches New 1-Year High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Kiwetinohk Energy Stock Down 1.6 %

The company has a debt-to-equity ratio of 31.07, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of C$746.32 million, a P/E ratio of 36.36 and a beta of 0.29. The business has a 50 day moving average price of C$15.85 and a 200 day moving average price of C$14.64.

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