Kelt Exploration (TSE:KEL) Price Target Raised to C$9.00

Kelt Exploration (TSE:KEL) had its price objective boosted by BMO Capital Markets from C$8.50 to C$9.00 in a report issued on Friday,BayStreet.CA reports.

A number of other brokerages also recently weighed in on KEL. National Bankshares lowered their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Scotiabank increased their price objective on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$9.03.

Kelt Exploration Price Performance

KEL opened at C$6.58 on Friday. The firm has a market cap of C$1.29 billion, a P/E ratio of 19.94 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.20. The firm has a 50-day moving average of C$6.57 and a 200 day moving average of C$6.27.

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 net margin of 16.02% and a return on equity of 6.72%. The company had revenue of C$107.88 million during the quarter. On average, research analysts expect that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Activity

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