Kelt Exploration (TSE:KEL) Given New C$11.50 Price Target at CIBC

Kelt Exploration (TSE:KEL) had its price target lifted by CIBC from C$10.00 to C$11.50 in a report published on Friday,BayStreet.CA reports.

Several other equities analysts have also weighed in on KEL. Scotiabank lifted their price target on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday. BMO Capital Markets boosted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, National Bankshares increased their target price on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$9.38.

Kelt Exploration Stock Up 2.5 %

Shares of KEL opened at C$7.28 on Friday. The company has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 22.06 and a beta of 1.93. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.59. The stock’s 50-day moving average price is C$6.76 and its 200-day moving average price is C$6.40. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

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 return on equity of 6.72% and a net margin of 16.02%. The business had revenue of C$107.88 million for the quarter. On average, sell-side analysts predict that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Buying and Selling at Kelt Exploration

In related news, Director David John Wilson purchased 656,900 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00. In the last quarter, insiders sold 118,270 shares of company stock worth $857,600. Insiders own 15.87% of the company’s stock.

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.