Kiwetinohk Energy (TSE:KEC) Releases Earnings Results, Beats Expectations By $0.31 EPS

Kiwetinohk Energy (TSE:KEC) released its quarterly earnings data on Wednesday. The company reported C$0.73 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of C$116.71 million for the quarter, compared to analyst estimates of C$117.00 million.

Kiwetinohk Energy Price Performance

KEC stock traded down C$0.05 during midday trading on Friday, reaching C$15.10. The company had a trading volume of 7,900 shares, compared to its average volume of 8,263. The company has a market capitalization of C$659.42 million, a price-to-earnings ratio of 32.23 and a beta of 0.29. The company has a debt-to-equity ratio of 31.07, a current ratio of 0.68 and a quick ratio of 0.48. Kiwetinohk Energy has a 1-year low of C$10.61 and a 1-year high of C$15.30. The stock has a 50 day moving average price of C$14.48 and a 200-day moving average price of C$13.61.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised their price objective on shares of Kiwetinohk Energy from C$18.00 to C$20.00 in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kiwetinohk Energy presently has a consensus rating of “Buy” and an average target price 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.