Royal Bank of Canada Cuts Kelt Exploration (KEL) Price Target to C$7.00

Kelt Exploration (TSE:KEL) had its target price trimmed by Royal Bank of Canada from C$9.00 to C$7.00 in a report published on Tuesday.

Other research analysts have also issued reports about the company. Eight Capital dropped their price target on Kelt Exploration from C$11.00 to C$10.50 in a research report on Monday, November 12th. CIBC dropped their price target on Kelt Exploration from C$11.50 to C$10.00 in a research report on Monday, November 12th. GMP Securities dropped their price target on Kelt Exploration from C$9.25 to C$6.75 in a research report on Thursday, December 13th. TD Securities dropped their price target on Kelt Exploration from C$12.00 to C$9.50 and set a buy rating on the stock in a research report on Monday, November 12th. Finally, National Bank Financial dropped their price target on Kelt Exploration from C$12.50 to C$8.00 and set an outperform rating on the stock in a research report on Monday, December 10th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Kelt Exploration presently has a consensus rating of Buy and a consensus price target of C$9.47.

TSE:KEL opened at C$4.96 on Tuesday. Kelt Exploration has a 1-year low of C$3.97 and a 1-year high of C$10.01. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.48 and a current ratio of 0.52.



Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Friday, November 9th. The oil and gas exploration company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.04). The company had revenue of C$100.22 million during the quarter, compared to analysts’ expectations of C$111.40 million. On average, sell-side analysts expect that Kelt Exploration will post 0.110000001788618 earnings per share for the current fiscal year.

In other news, insider David John Wilson bought 42,300 shares of the company’s stock in a transaction on Monday, December 10th. The shares were bought at an average cost of C$4.01 per share, with a total value of C$169,623.00. Also, insider Sadiq Lalani bought 15,000 shares of the company’s stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of C$4.24 per share, for a total transaction of C$63,600.00. Over the last ninety days, insiders acquired 340,000 shares of company stock worth $1,555,959.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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