Kelt Exploration (TSE:KEL) Given New C$9.00 Price Target at BMO Capital Markets

Kelt Exploration (TSE:KEL) had its target price boosted by research analysts at BMO Capital Markets from C$8.50 to C$9.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 36.57% from the company’s current price.

Other research analysts have also issued reports about the company. Scotiabank raised their price target 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. National Bankshares lowered their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$9.03.

Kelt Exploration Price Performance

Shares of TSE:KEL traded down C$0.06 on Friday, reaching C$6.59. 307,505 shares of the company were exchanged, compared to its average volume of 306,813. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. Kelt Exploration has a 1-year low of C$5.01 and a 1-year high of C$7.20. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 19.97 and a beta of 1.93. The company has a 50-day moving average of C$6.57 and a 200-day moving average of C$6.26.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. The company 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%. Equities analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total transaction of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00. Insiders have sold 43,270 shares of company stock worth $299,207 in the last ninety days. Company insiders own 15.87% of the company’s stock.

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.