Shares of Kelt Exploration Ltd. (TSE:KEL – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.14 and traded as high as C$6.29. Kelt Exploration shares last traded at C$6.27, with a volume of 209,183 shares.
Analyst Ratings Changes
KEL has been the topic of several research analyst reports. CIBC increased their target price on shares of Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. National Bankshares lowered their target price on Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Finally, Scotiabank upped their price objective on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$8.97.
Read Our Latest Stock Analysis on KEL
Kelt Exploration Price Performance
Kelt Exploration (TSE:KEL – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The business had revenue of C$109.09 million during the quarter. As a group, sell-side analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. 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.
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