Royal Bank Of Canada Boosts Kiwetinohk Energy (TSE:KEC) Price Target to C$21.00

Kiwetinohk Energy (TSE:KEC - Get Free Report) had its target price raised by equities researchers at Royal Bank Of Canada from C$18.00 to C$21.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 0.43% from the stock's current price.

Separately, National Bankshares increased their price target on Kiwetinohk Energy from C$22.50 to C$24.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th.

Kiwetinohk Energy Trading Up 1.2%

KEC traded up C$0.24 during trading on Monday, reaching C$20.91. 11,088 shares of the company's stock were exchanged, compared to its average volume of 16,531. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 33.50. Kiwetinohk Energy has a one year low of C$12.51 and a one year high of C$21.24. The stock has a market capitalization of C$914.99 million, a PE ratio of 13.97 and a beta of 0.29. The firm has a fifty day moving average price of C$17.17 and a two-hundred day moving average price of C$16.59.

Insiders Place Their Bets

In other news, Senior Officer Jakub Brogowski purchased 25,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were purchased at an average cost of C$20.24 per share, with a total value of C$505,982.50. Also, Director Steven William Sinclair acquired 20,000 shares of Kiwetinohk Energy stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of C$20.25 per share, with a total value of C$405,000.00. Over the last quarter, insiders have acquired 51,842 shares of company stock valued at $1,052,515. 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.

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