Kelt Exploration (TSE:KEL) Price Target Raised to C$11.50

Kelt Exploration (TSE:KEL) had its price objective lifted by Scotiabank from C$10.50 to C$11.50 in a research note published on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on KEL. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares raised their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration currently has an average rating of “Buy” and an average target price of C$9.50.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at C$7.28 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of C$1.42 billion, a P/E ratio of 22.06 and a beta of 1.93. The business has a fifty day simple moving average of C$6.76 and a two-hundred day simple moving average of C$6.40. Kelt Exploration has a 12 month low of C$5.01 and a 12 month high of C$7.59.

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

Insider Buying and Selling

In other Kelt Exploration news, Director David John Wilson acquired 656,900 shares of Kelt Exploration stock in a transaction that occurred on 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. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$6.80, for a total value of C$124,440.00. In the last ninety days, insiders sold 118,270 shares of company stock worth $857,600. 15.87% of the stock is owned by corporate 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.