Kelt Exploration Ltd. (TSE:KEL) Given Average Recommendation of “Buy” by Brokerages

Kelt Exploration Ltd. (TSE:KEL) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$8.69.

Several research analysts have commented on KEL shares. CIBC raised their price objective on Kelt Exploration from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Monday, April 22nd. ATB Capital cut their price target on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. BMO Capital Markets set a C$8.50 price target on Kelt Exploration and gave the company an “outperform” rating in a report on Tuesday, April 9th. TD Securities upgraded Kelt Exploration from a “hold” rating to a “buy” rating and lifted their price target for the company from C$7.50 to C$8.00 in a report on Wednesday, March 20th. Finally, Cormark lifted their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, May 10th.

Insider Transactions at Kelt Exploration

In other news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of Kelt Exploration stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Senior Officer David A. Gillis sold 14,000 shares of Kelt Exploration stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of C$5.94, for a total value of C$83,160.00. Insiders sold 64,000 shares of company stock valued at $392,163 in the last quarter. 15.87% of the stock is currently owned by corporate insiders.

Kelt Exploration Trading Up 0.5 %

KEL opened at C$6.49 on Friday. The stock’s fifty day moving average is C$6.10 and its two-hundred day moving average is C$5.91. The company has a market capitalization of C$1.27 billion, a P/E ratio of 15.45 and a beta of 2.08. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$8.16. The company has a quick ratio of 0.61, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.

Kelt Exploration (TSE:KEL) last released its quarterly earnings data on Thursday, May 9th. The oil and gas exploration company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The firm had revenue of C$126.39 million for the quarter. Kelt Exploration had a return on equity of 8.41% and a net margin of 19.11%. Analysts forecast that Kelt Exploration will post 0.4507257 earnings per share for the current year.

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.