Kiwetinohk Energy (TSE:KEC) Trading Up 0.1% – Time to Buy?

Kiwetinohk Energy Corp. (TSE:KEC) shares shot up 0.1% during trading on Thursday . The stock traded as high as C$24.79 and last traded at C$24.73. 359,668 shares were traded during trading, an increase of 1,427% from the average session volume of 23,556 shares. The stock had previously closed at C$24.70.

Analysts Set New Price Targets

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

Kiwetinohk Energy Stock Performance

The business’s fifty day moving average price is C$24.69 and its two-hundred day moving average price is C$23.85. The company has a debt-to-equity ratio of 33.50, a quick ratio of 0.48 and a current ratio of 0.82. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 9.59 and a beta of 0.43.

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