Kiwetinohk Energy (TSE:KEC) Sets New 12-Month High – Should You Buy?

Shares of Kiwetinohk Energy Corp. (TSE:KEC) hit a new 52-week high during trading on Wednesday . The stock 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.

Wall Street Analyst Weigh In

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

Kiwetinohk Energy Trading Up 0.1%

The firm’s 50-day moving average price is C$24.11 and its 200 day moving average price is C$22.86. The company has a market cap of C$1.10 billion, a price-to-earnings ratio of 9.59 and a beta of 0.43. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 33.50.

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

About Kiwetinohk Energy

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.