Kiwetinohk Energy (TSE:KEC) Issues Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Kiwetinohk Energy (TSE:KEC) posted its quarterly earnings data on Wednesday. The company reported C$0.73 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.31, reports. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. The business had revenue of C$116.71 million during the quarter, compared to analyst estimates of C$117.00 million.

Kiwetinohk Energy Stock Performance

TSE:KEC opened at C$15.10 on Friday. Kiwetinohk Energy has a fifty-two week low of C$10.61 and a fifty-two week high of C$15.30. The firm’s 50 day moving average is C$14.48 and its two-hundred day moving average is C$13.61. The company has a market cap of C$659.42 million, a P/E ratio of 32.23 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.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their price objective on Kiwetinohk Energy from C$18.00 to C$20.00 in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Kiwetinohk Energy currently has a consensus rating of “Buy” and a consensus target price of C$20.50.

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.