Kelt Exploration (TSE:KEL) PT Raised to C$10.50

Kelt Exploration (TSE:KEL) had its price target boosted by stock analysts at Scotiabank from C$10.00 to C$10.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the oil and gas exploration company’s stock. Scotiabank’s price objective suggests a potential upside of 66.14% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. CIBC boosted their price target on Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. National Bankshares cut their target price on Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$8.97.

Kelt Exploration Trading Down 0.3 %

Shares of KEL stock opened at C$6.32 on Wednesday. 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 stock has a market cap of C$1.24 billion, a P/E ratio of 19.03 and a beta of 1.93. The stock has a 50 day simple moving average of C$6.21 and a 200 day simple moving average of C$6.13. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$8.16.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$109.09 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. On average, research analysts predict 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 Douglas Owen Macarthur sold 30,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. Company insiders own 15.87% of the company’s stock.

Kelt Exploration Company Profile

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.