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

Kiwetinohk Energy Corp. (TSE:KEC)’s share price hit a new 52-week high 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 Analysts Forecast Growth

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

Kiwetinohk Energy Trading Up 1.0 %

The business’s fifty day simple moving average is C$14.81 and its two-hundred day simple moving average is C$13.87. The stock has a market capitalization of C$677.32 million, a P/E ratio of 32.66 and a beta of 0.29. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 31.07.

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