BMO Capital Markets Boosts Kiwetinohk Energy (TSE:KEC) Price Target to C$21.00

Kiwetinohk Energy (TSE:KEC) had its price objective lifted by stock analysts at BMO Capital Markets from C$20.00 to C$21.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 32.49% from the stock’s current price.

Kiwetinohk Energy Stock Performance

Shares of TSE:KEC traded down C$0.05 on Friday, hitting C$15.85. 2,600 shares of the company were exchanged, compared to its average volume of 7,780. The company’s 50 day moving average price is C$15.22 and its two-hundred day moving average price is C$14.10. Kiwetinohk Energy has a one year low of C$10.61 and a one year high of C$16.31. The company has a debt-to-equity ratio of 31.07, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market capitalization of C$692.17 million, a price-to-earnings ratio of 33.72 and a beta of 0.29.

Kiwetinohk Energy (TSE:KEC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.73 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.31. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. The business had revenue of C$116.71 million during the quarter, compared to the consensus estimate of C$117.00 million. Research analysts expect that Kiwetinohk Energy will post 2.352 earnings per share for the current year.

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.