BMO Capital Markets Forecasts Strong Price Appreciation for Kiwetinohk Energy (TSE:KEC) Stock

Kiwetinohk Energy (TSE:KEC) had its price target increased by BMO Capital Markets from C$18.00 to C$20.00 in a report published on Thursday morning,BayStreet.CA reports.

Kiwetinohk Energy Trading Down 0.3 %

Shares of KEC opened at C$15.10 on Thursday. 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 firm has a market capitalization of C$659.42 million, a P/E ratio of 32.13 and a beta of 0.29. The stock’s fifty day simple moving average is C$14.49 and its 200 day simple moving average is C$13.64. Kiwetinohk Energy has a twelve month low of C$10.61 and a twelve month high of C$15.30.

Kiwetinohk Energy (TSE:KEC) last issued its earnings results on Wednesday, November 6th. The company reported C$0.73 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.31. The business had revenue of C$116.71 million for the quarter, compared to analyst estimates of C$117.00 million. Kiwetinohk Energy had a return on equity of 3.03% and a net margin of 4.53%. On average, equities research analysts forecast 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.