Shares of Kelt Exploration Ltd. (TSE:KEL – Get Free Report) have been given a consensus recommendation of “Buy” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is C$8.69.
A number of brokerages recently issued reports on KEL. National Bankshares increased their price objective on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. TD Securities upgraded shares of Kelt Exploration from a “hold” rating to a “buy” rating and boosted their price target for the company from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. ATB Capital reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. BMO Capital Markets set a C$8.50 price target on shares of Kelt Exploration and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, Cormark boosted their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, May 10th.
Get Our Latest Research Report on Kelt Exploration
Kelt Exploration Price Performance
Kelt Exploration (TSE:KEL – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The oil and gas exploration company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The business had revenue of C$126.39 million during the quarter. Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. Equities analysts forecast that Kelt Exploration will post 0.4507257 EPS for the current year.
Insider Buying and Selling at Kelt Exploration
In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$6.32, for a total transaction of C$31,603.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$6.32, for a total transaction of C$31,603.00. Also, Senior Officer Bruce Douglas Gigg sold 27,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$6.09, for a total transaction of C$164,430.00. Insiders sold a total of 91,000 shares of company stock worth $556,593 over the last three months. Company insiders own 15.87% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Kelt Exploration
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Progress Software Stock Back in the Green After Beating Forecasts
- There Are Different Types of Stock To Invest In
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.