Kiwetinohk Energy (TSE:KEC) Reaches New 52-Week High – Still a Buy?

Kiwetinohk Energy Corp. (TSE:KEC)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$17.15 and last traded at C$17.15, with a volume of 2350 shares changing hands. The stock had previously closed at C$17.06.

Analysts Set New Price Targets

Separately, BMO Capital Markets upped their price target on Kiwetinohk Energy from C$20.00 to C$21.00 in a research note on Friday, December 13th.

Kiwetinohk Energy Stock Performance

The stock’s 50-day simple moving average is C$15.62 and its 200-day simple moving average is C$14.49. The stock has a market cap of C$755.93 million, a price-to-earnings ratio of 36.83 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$116.71 million during the quarter, compared to the consensus estimate of C$117.00 million. Analysts forecast that Kiwetinohk Energy Corp. will post 2.352 earnings per share for the current fiscal 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.