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

Kiwetinohk Energy Corp. (TSE:KEC)’s share price reached a new 52-week high on Friday . The stock traded as high as C$15.50 and last traded at C$15.50, with a volume of 1600 shares trading hands. The stock had previously closed at C$15.35.

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.

Kiwetinohk Energy Trading Up 1.0 %

The stock has a market cap of C$677.32 million, a price-to-earnings ratio of 32.66 and a beta of 0.29. The company has a debt-to-equity ratio of 31.07, a quick ratio of 0.48 and a current ratio of 0.68. The company’s 50 day simple moving average is C$14.81 and its two-hundred day simple moving average is C$13.87.

Kiwetinohk Energy (TSE:KEC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.73 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 analyst estimates of C$117.00 million. Research analysts expect 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.