Brokerages Set Kelt Exploration Ltd. (TSE:KEL) PT at C$9.06

Shares of Kelt Exploration Ltd. (TSE:KEL) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is C$9.06.

KEL has been the subject of several recent analyst reports. Scotiabank raised their price objective on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets increased their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, National Bankshares boosted their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Kelt Exploration Trading Down 2.6 %

TSE:KEL opened at C$7.10 on Tuesday. Kelt Exploration has a one year low of C$5.01 and a one year high of C$7.59. The business’s 50-day simple moving average is C$6.75 and its 200 day simple moving average is C$6.40. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. The stock has a market cap of C$1.39 billion, a price-to-earnings ratio of 21.52 and a beta of 1.93.

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

Insider Buying and Selling

In related news, Director David John Wilson acquired 656,900 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total value of C$69,000.00. Insiders have sold a total of 108,270 shares of company stock worth $785,357 over the last quarter. 15.87% of the stock is owned by company 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.