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

Kelt Exploration Ltd. (TSE:KEL) has received an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$8.97.

A number of equities research analysts recently issued reports on the stock. National Bankshares dropped their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank raised their price objective on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, October 16th.

Kelt Exploration Trading Up 0.1 %

Shares of Kelt Exploration stock opened at C$6.73 on Monday. The company’s fifty day moving average price is C$6.53 and its two-hundred day moving average price is C$6.22. The firm has a market capitalization of C$1.32 billion, a PE ratio of 20.39 and a beta of 1.93. Kelt Exploration has a 52-week low of C$5.01 and a 52-week high of C$7.20. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

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

Insider Buying and Selling at Kelt Exploration

In other news, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$6.80, for a total transaction of C$124,440.00. Also, Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00. In the last 90 days, insiders sold 43,270 shares of company stock worth $299,207. 15.87% of the stock is currently owned by corporate 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.