Kelt Exploration Ltd. (TSE:KEL) Receives C$9.06 Consensus Price Target from Analysts

Kelt Exploration Ltd. (TSE:KEL) has been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$9.50.

Several research firms have commented on KEL. CIBC upped their price objective on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Friday. BMO Capital Markets increased their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares boosted their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Scotiabank increased their target price on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday.

Kelt Exploration Trading Up 2.9 %

Shares of TSE:KEL opened at C$7.49 on Tuesday. Kelt Exploration has a 52-week low of C$5.01 and a 52-week high of C$7.59. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. The company has a market capitalization of C$1.47 billion, a P/E ratio of 22.70 and a beta of 1.93. The company has a 50-day simple moving average of C$6.79 and a 200 day simple moving average of C$6.41.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. The company had revenue of C$107.88 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. Sell-side analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current year.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 10,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$7.22, for a total transaction of C$72,243.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. 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 corporate insiders.

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.