Kelt Exploration (TSE:KEL) Posts Earnings Results

Kelt Exploration (TSE:KEL) released its quarterly earnings data on Thursday. The oil and gas exploration company reported C$0.04 earnings per share for the quarter, reports. The firm had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%.

Kelt Exploration Stock Performance

KEL stock opened at C$6.34 on Friday. The business has a 50 day moving average of C$6.34 and a 200-day moving average of C$6.17. The firm has a market cap of C$1.24 billion, a PE ratio of 19.21 and a beta of 1.93. Kelt Exploration has a 12-month low of C$5.01 and a 12-month high of C$7.49. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

Insider Buying and Selling

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. 15.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. CIBC upped their target price on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. National Bankshares lowered their price objective on Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Finally, Scotiabank raised their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration currently has an average rating of “Buy” and an average price target of C$8.97.

Kelt Exploration Company Profile

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.