Kelt Exploration Ltd. (TSE:KEL) Receives Consensus Rating of “Buy” from Brokerages

Kelt Exploration Ltd. (TSE:KEL) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$9.00.

A number of research analysts recently issued reports on the company. Cormark increased their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, May 10th. Scotiabank increased their target price on shares of Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. CIBC lifted their price target on shares of Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. National Bankshares boosted their price target on shares of Kelt Exploration from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Finally, BMO Capital Markets set a C$8.50 price objective on Kelt Exploration and gave the company an “outperform” rating in a report on Tuesday, April 9th.

Insider Activity

In related news, Director Michael Shea sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$6.32, for a total value of C$31,603.00. Also, Director Michael Shea sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$6.08, for a total transaction of C$91,200.00. Insiders sold a total of 49,000 shares of company stock valued at $299,763 in the last quarter. Company insiders own 15.87% of the company’s stock.

Kelt Exploration Stock Performance

Shares of KEL opened at C$5.72 on Tuesday. The firm has a market cap of C$1.12 billion, a P/E ratio of 13.62 and a beta of 2.08. Kelt Exploration has a twelve month low of C$5.01 and a twelve month high of C$8.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.59. The firm’s 50 day moving average price is C$6.10 and its two-hundred day moving average price is C$5.94.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, May 9th. The oil and gas exploration company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The company had revenue of C$126.39 million during the quarter. Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. On average, analysts forecast that Kelt Exploration will post 0.4507257 EPS for the current fiscal year.

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.