Kiwetinohk Energy (TSE:KEC) Hits New 12-Month High – Here’s Why

Kiwetinohk Energy Corp. (TSE:KEC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$24.74 and last traded at C$24.70, with a volume of 37100 shares changing hands. The stock had previously closed at C$24.69.

Analyst Ratings Changes

Separately, Atb Cap Markets cut Kiwetinohk Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$22.50.

Kiwetinohk Energy Stock Performance

The stock has a market cap of C$1.10 billion, a P/E ratio of 9.57 and a beta of 0.43. The stock has a fifty day simple moving average of C$24.02 and a 200-day simple moving average of C$22.83. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 33.50.

Kiwetinohk Energy (TSE:KEC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.39 earnings per share for the quarter. Kiwetinohk Energy had a net margin of 13.75% and a return on equity of 9.15%. The business had revenue of C$157.59 million for the quarter. Equities analysts expect that Kiwetinohk Energy Corp. will post 2.352 earnings per share for the current fiscal year.

Kiwetinohk Energy Company Profile

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture and hydrogen clean energy projects.