Kelt Exploration Ltd. (TSE:KEL) Receives C$9.06 Consensus PT from Analysts

Kelt Exploration Ltd. (TSE:KEL) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is C$9.06.

Several research analysts recently commented on KEL shares. BMO Capital Markets boosted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Scotiabank upped their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, National Bankshares raised their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Kelt Exploration Price Performance

KEL opened at C$6.64 on Friday. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 20.12 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. Kelt Exploration has a 12-month low of C$5.01 and a 12-month high of C$7.20. The business’s fifty day simple moving average is C$6.53 and its 200-day simple moving average is C$6.28.

Kelt Exploration (TSE:KEL) last announced its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. On average, equities research analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Transactions at Kelt Exploration

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total value of C$73,430.50. Also, Director William Charles Guinan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total value of C$69,000.00. Insiders sold a total of 43,270 shares of company stock worth $299,207 over the last three months. 15.87% of the stock is currently owned by 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.