National Bankshares Issues Positive Forecast for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its price target hoisted by National Bankshares from C$8.75 to C$9.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ price objective would indicate a potential upside of 45.87% from the company’s current price.

A number of other research analysts have also issued reports on KEL. BMO Capital Markets boosted their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Scotiabank lifted their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$9.06.

Kelt Exploration Stock Performance

KEL traded up C$0.02 on Thursday, hitting C$6.17. 170,935 shares of the company traded hands, compared to its average volume of 309,182. Kelt Exploration has a 12-month low of C$5.01 and a 12-month high of C$7.20. The company has a 50 day moving average of C$6.55 and a 200-day moving average of C$6.27. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of C$1.21 billion, a PE ratio of 18.70 and a beta of 1.93.

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. 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 during the quarter. Sell-side analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David John Wilson bought 656,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of C$6.05 per share, with a total value of C$3,974,245.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total transaction of C$73,430.50. Over the last quarter, insiders sold 43,270 shares of company stock worth $299,207. 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.