Kelt Exploration (TSE:KEL) Stock Price Expected to Rise, Scotiabank Analyst Says

Kelt Exploration (TSE:KEL) had its target price hoisted by Scotiabank from C$10.50 to C$11.50 in a research note released on Friday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on KEL. National Bankshares increased their price objective on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and a consensus target price of C$9.38.

Kelt Exploration Price Performance

Shares of TSE KEL opened at C$7.28 on Friday. The company has a 50 day moving average of C$6.76 and a 200 day moving average of C$6.40. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. Kelt Exploration has a twelve month low of C$5.01 and a twelve month high of C$7.59. The firm has a market cap of C$1.42 billion, a P/E ratio of 22.06 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last released its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The company had revenue of C$107.88 million for the quarter. As a group, research analysts expect that Kelt Exploration will post 0.5224359 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David John Wilson purchased 656,900 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00. In the last three months, insiders have sold 118,270 shares of company stock valued at $857,600. 15.87% of the stock is 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.