Kelt Exploration (TSE:KEL) Price Target Increased to C$8.50 by Analysts at CIBC

Kelt Exploration (TSE:KEL) had its price objective increased by CIBC from C$8.00 to C$8.50 in a research note published on Monday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the oil and gas exploration company’s stock.

KEL has been the subject of a number of other research reports. ATB Capital cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a research report on Wednesday, March 20th. Raymond James cut their price target on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a report on Friday, January 19th. BMO Capital Markets set a C$8.50 price target on Kelt Exploration and gave the stock an outperform rating in a research note on Tuesday, April 9th. National Bankshares lifted their price objective on Kelt Exploration from C$7.50 to C$9.00 and gave the company an outperform rating in a research report on Friday. Finally, TD Securities upgraded Kelt Exploration from a hold rating to a buy rating and upped their target price for the company from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration presently has an average rating of Buy and a consensus price target of C$8.64.

Kelt Exploration Price Performance

KEL stock opened at C$6.37 on Monday. The stock’s 50 day moving average price is C$5.94 and its 200 day moving average price is C$6.24. The firm has a market cap of C$1.24 billion, a P/E ratio of 14.48 and a beta of 2.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.83. Kelt Exploration has a 1 year low of C$4.56 and a 1 year high of C$8.16.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.02. The business had revenue of C$129.00 million for the quarter. Kelt Exploration had a return on equity of 9.03% and a net margin of 19.70%. On average, sell-side analysts expect that Kelt Exploration will post 0.4800307 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Alan G. Franks sold 15,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. In other Kelt Exploration news, Senior Officer Alan G. Franks sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. Also, Senior Officer Bruce Douglas Gigg sold 27,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$6.09, for a total transaction of C$164,430.00. In the last ninety days, insiders have sold 115,226 shares of company stock valued at $696,932. 15.94% of the stock is currently owned by company insiders.

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 Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.