Kiwetinohk Energy (TSE:KEC) Price Target Raised to C$21.00

Kiwetinohk Energy (TSE:KEC) had its target price increased by Royal Bank Of Canada from C$18.00 to C$21.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, National Bankshares raised their target price on shares of Kiwetinohk Energy from C$22.50 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th.

Kiwetinohk Energy Stock Up 0.7%

Shares of TSE:KEC opened at C$21.25 on Monday. The stock has a market cap of C$929.87 million, a P/E ratio of 14.19 and a beta of 0.29. The firm has a fifty day moving average price of C$17.53 and a 200 day moving average price of C$16.69. The company has a debt-to-equity ratio of 33.50, a current ratio of 0.82 and a quick ratio of 0.48. Kiwetinohk Energy has a 1-year low of C$12.51 and a 1-year high of C$21.30.

Insider Activity

In other news, Senior Officer Jakub Brogowski bought 25,000 shares of Kiwetinohk Energy stock in a transaction dated Tuesday, June 24th. The stock was bought at an average price of C$20.24 per share, for a total transaction of C$505,982.50. Also, Director Judith Athaide bought 4,842 shares of Kiwetinohk Energy stock in a transaction dated Friday, June 27th. The stock was purchased at an average price of C$20.65 per share, with a total value of C$99,987.30. Insiders have purchased a total of 51,842 shares of company stock worth $1,052,515 over the last quarter. Insiders own 14.72% of the company’s stock.

About Kiwetinohk Energy

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture and hydrogen clean energy projects.