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

Shares of Kelt Exploration Ltd. (TSE:KEL) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Seven research 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$9.06.

A number of equities research analysts have weighed in on KEL shares. BMO Capital Markets upped their target price on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares upped their price target on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Scotiabank lifted 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 research note on Wednesday, October 16th.

Kelt Exploration Price Performance

Shares of KEL opened at C$6.18 on Friday. The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 18.73 and a beta of 1.93. The stock’s fifty day moving average is C$6.55 and its 200-day moving average is C$6.27. Kelt Exploration has a one year low of C$5.01 and a one year high of C$7.20. 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 (TSE:KEL) last released its quarterly 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 for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. Equities analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Activity at Kelt Exploration

In other news, Director William Charles Guinan sold 10,000 shares of the business’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. Also, Director David John Wilson purchased 656,900 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Over the last ninety days, insiders have sold 43,270 shares of company stock valued at $299,207. 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.