Royal Bank Of Canada Forecasts Strong Price Appreciation for Kiwetinohk Energy (TSE:KEC) Stock

Kiwetinohk Energy (TSE:KEC - Get Free Report) had its price objective increased by analysts at Royal Bank Of Canada from C$18.00 to C$21.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential downside of 5.06% from the company's previous close.

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

Kiwetinohk Energy Price Performance

Shares of TSE:KEC traded up C$0.87 during trading on Monday, reaching C$22.12. The company had a trading volume of 25,976 shares, compared to its average volume of 16,643. The company has a fifty day moving average of C$17.67 and a two-hundred day moving average of C$16.74. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 33.50. The stock has a market capitalization of C$967.94 million, a P/E ratio of 14.77 and a beta of 0.29. Kiwetinohk Energy has a 12 month low of C$12.51 and a 12 month high of C$22.18.

Insider Transactions at Kiwetinohk Energy

In other Kiwetinohk Energy news, Director Steven William Sinclair purchased 20,000 shares of Kiwetinohk Energy stock in a transaction on Thursday, June 26th. The shares were acquired at an average cost of C$20.25 per share, for a total transaction of C$405,000.00. Also, Senior Officer Jakub Brogowski purchased 25,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were acquired at an average cost of C$20.24 per share, for a total transaction of C$505,982.50. Over the last 90 days, insiders have purchased 51,842 shares of company stock worth $1,052,515. 14.72% of the stock is owned by corporate insiders.

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.