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

Kelt Exploration (TSE:KEL) had its price target raised by National Bankshares from C$8.75 to C$9.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

Several other brokerages have also weighed in on KEL. Scotiabank increased their target price 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. BMO Capital Markets raised their target price on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Seven equities 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 price target of C$9.06.

Kelt Exploration Trading Up 1.0 %

TSE KEL opened at C$6.24 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a one year low of C$5.01 and a one year high of C$7.20. The company has a 50-day simple moving average of C$6.54 and a 200-day simple moving average of C$6.27. The firm has a market capitalization of C$1.22 billion, a PE ratio of 18.91 and a beta of 1.93.

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

Insider Activity

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total transaction of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00. In the last ninety days, insiders have sold 43,270 shares of company stock worth $299,207. 15.87% of the stock is owned by company 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.