Kelt Exploration (TSE:KEL) Price Target Raised to C$9.00

Kelt Exploration (TSE:KEL) had its target price lifted by BMO Capital Markets from C$8.50 to C$9.00 in a research note released on Friday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. National Bankshares reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank raised their target price 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, According to data from MarketBeat.com, Kelt Exploration presently has a consensus rating of “Buy” and an average target price of C$9.03.

Kelt Exploration Trading Down 1.1 %

Shares of KEL opened at C$6.58 on Friday. The stock’s 50-day moving average is C$6.57 and its two-hundred day moving average is C$6.27. The stock has a market cap of C$1.29 billion, a PE ratio of 19.94 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration has a 12 month low of C$5.01 and a 12 month high of C$7.20.

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. 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 for the quarter. Equities analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$6.80, for a total value of C$124,440.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. In the last 90 days, insiders have sold 43,270 shares of company stock valued at $299,207. 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.