Kiwetinohk Energy (TSE:KEC) Price Target Raised to C$21.00 at BMO Capital Markets

Kiwetinohk Energy (TSE:KEC) had its price objective raised by analysts at BMO Capital Markets from C$20.00 to C$21.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 32.49% from the company’s previous close.

Kiwetinohk Energy Trading Down 0.3 %

TSE:KEC traded down C$0.05 during mid-day trading on Friday, hitting C$15.85. 2,600 shares of the company’s stock were exchanged, compared to its average volume of 7,780. The company has a 50 day simple moving average of C$15.22 and a 200-day simple moving average of C$14.10. 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 has a fifty-two week low of C$10.61 and a fifty-two week high of C$16.31. The firm has a market capitalization of C$692.17 million, a P/E ratio of 33.72 and a beta of 0.29.

Kiwetinohk Energy (TSE:KEC) last released its quarterly earnings results 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. The firm had revenue of C$116.71 million during the quarter, compared to analyst estimates of C$117.00 million. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. As a group, research analysts expect that Kiwetinohk Energy 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.