Kiwetinohk Energy (TSE:KEC) Announces Quarterly Earnings Results

Kiwetinohk Energy (TSE:KEC) released its quarterly earnings data on Wednesday. The company reported C$0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.31, reports. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. The company had revenue of C$116.71 million for the quarter, compared to analysts’ expectations of C$117.00 million.

Kiwetinohk Energy Stock Down 0.3 %

TSE KEC traded down C$0.05 during trading hours on Friday, hitting C$15.10. The company’s stock had a trading volume of 7,900 shares, compared to its average volume of 8,263. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 31.07. The company’s 50-day simple moving average is C$14.48 and its two-hundred day simple moving average is C$13.61. The company has a market capitalization of C$659.42 million, a PE ratio of 32.23 and a beta of 0.29. Kiwetinohk Energy has a 52 week low of C$10.61 and a 52 week high of C$15.30.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price target on Kiwetinohk Energy from C$18.00 to C$20.00 in a report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$20.50.

About Kiwetinohk Energy

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.