Kiwetinohk Energy (TSE:KEC) Shares Down 0.6% – Here’s Why

Shares of Kiwetinohk Energy Corp. (TSE:KEC) were down 0.6% on Thursday . The company traded as low as C$14.34 and last traded at C$15.00. Approximately 13,500 shares traded hands during trading, an increase of 61% from the average daily volume of 8,371 shares. The stock had previously closed at C$15.09.

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their price objective on shares of Kiwetinohk Energy from C$17.00 to C$18.00 in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$20.17.

Kiwetinohk Energy Stock Performance

The stock has a market cap of C$655.05 million, a P/E ratio of 31.91 and a beta of 0.29. The stock has a fifty day simple moving average of C$14.43 and a 200-day simple moving average of C$13.52. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 31.07.

Kiwetinohk Energy (TSE:KEC) last posted its earnings results on Wednesday, July 31st. The company reported C$0.55 earnings per share for the quarter, topping the consensus estimate of C$0.54 by C$0.01. Kiwetinohk Energy had a net margin of 4.53% and a return on equity of 3.03%. The company had revenue of C$112.40 million for the quarter, compared to analyst estimates of C$124.70 million. Equities analysts expect that Kiwetinohk Energy Corp. will post 2.352 earnings per share for the current fiscal 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.