Kelt Exploration (TSE:KEL – Get Free Report) had its price objective decreased by investment analysts at National Bankshares from C$9.00 to C$8.75 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 42.28% from the company’s current price.
Several other analysts also recently weighed in on the stock. CIBC lifted their target price on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Scotiabank raised their price objective on shares of Kelt Exploration from C$9.50 to C$10.00 in a research report on Friday, July 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration currently has a consensus rating of “Buy” and a consensus target price of C$8.97.
Get Our Latest Report on Kelt Exploration
Kelt Exploration Stock Performance
Kelt Exploration (TSE:KEL – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 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$109.09 million during the quarter. Sell-side analysts anticipate that Kelt Exploration will post 0.4879808 earnings per share for the current year.
Insider Buying and Selling at Kelt Exploration
In related news, Director Michael Shea sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total value of C$91,200.00. In related news, Director Michael Shea sold 15,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. Also, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. 15.87% of the stock is currently 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.
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