Brokerages Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$8.69

Kelt Exploration Ltd. (TSE:KEL) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$8.69.

A number of analysts have issued reports on the company. ATB Capital lowered their target price 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. Cormark boosted their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, May 10th. National Bankshares increased their price target on shares of Kelt Exploration from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, April 19th. CIBC boosted their price objective on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets set a C$8.50 price objective on shares of Kelt Exploration and gave the company an “outperform” rating in a research report on Tuesday, April 9th.

Kelt Exploration Price Performance

Shares of Kelt Exploration stock opened at C$6.45 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of C$6.09 and a 200-day simple moving average of C$5.91. The stock has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 15.36 and a beta of 2.08. Kelt Exploration has a 1-year low of C$5.01 and a 1-year high of C$8.16.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts expect that Kelt Exploration will post 0.4507257 earnings per share for the current year.

Insider Transactions at Kelt Exploration

In other news, Senior Officer Bruce Douglas Gigg sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$6.20, for a total value of C$43,400.00. In related news, Senior Officer Douglas Owen Macarthur sold 5,000 shares of Kelt Exploration stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$6.32, for a total transaction of C$31,603.00. Also, Senior Officer Bruce Douglas Gigg sold 7,000 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of C$6.20, for a total transaction of C$43,400.00. In the last three months, insiders sold 64,000 shares of company stock valued at $392,163. Company insiders own 15.87% of the company’s stock.

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.