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

Kelt Exploration (TSE:KEL) had its target price hoisted by CIBC from C$10.00 to C$11.50 in a research note issued to investors on Friday,BayStreet.CA reports.

Several other research firms have also commented on KEL. BMO Capital Markets raised their target price on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Scotiabank increased their price target on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday. Finally, National Bankshares increased their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$9.50.

Kelt Exploration Stock Up 2.5 %

Kelt Exploration stock opened at C$7.28 on Friday. The firm has a market cap of C$1.42 billion, a price-to-earnings ratio of 22.06 and a beta of 1.93. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.59. The business’s 50-day moving average price is C$6.76 and its 200 day moving average price is C$6.40. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

Kelt Exploration (TSE:KEL) last posted its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. The firm had revenue of C$107.88 million for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, sell-side analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the firm’s stock in a transaction that occurred 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 David A. Gillis sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$7.48, for a total value of C$74,800.00. Over the last 90 days, insiders have sold 118,270 shares of company stock worth $857,600. 15.87% of the stock is owned by corporate insiders.

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.