Kiwetinohk Energy (TSE:KEC) Sets New 52-Week High - Here's What Happened

Shares of Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$14.95 and last traded at C$14.95, with a volume of 900 shares changing hands. The stock had previously closed at C$14.70.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised their price objective on shares of Kiwetinohk Energy from C$17.00 to C$18.00 in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Kiwetinohk Energy has an average rating of "Buy" and an average price target of C$20.17.

Kiwetinohk Energy Stock Up 1.4 %

The company has a debt-to-equity ratio of 31.07, a current ratio of 0.68 and a quick ratio of 0.48. The company has a fifty day moving average price of C$13.96 and a 200 day moving average price of C$13.19. The company has a market cap of C$650.68 million, a PE ratio of 31.70 and a beta of 0.29.

Kiwetinohk Energy (TSE:KEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.55 EPS for the quarter, topping analysts' consensus estimates of C$0.54 by C$0.01. The firm had revenue of C$112.40 million for the quarter, compared to analyst estimates of C$124.70 million. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. As a group, analysts anticipate that Kiwetinohk Energy Corp. will post 2.352 EPS for the current 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.