National Bankshares Boosts Kelt Exploration (TSE:KEL) Price Target to C$10.00

Kelt Exploration (TSE:KEL) had its target price raised by analysts at National Bankshares from C$9.00 to C$10.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ price target would suggest a potential upside of 45.35% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Scotiabank raised their target price on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. CIBC lifted their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Finally, 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$9.64.

Kelt Exploration Stock Performance

TSE:KEL opened at C$6.88 on Thursday. The firm’s 50-day moving average is C$6.88 and its 200-day moving average is C$6.48. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 20.85 and a beta of 1.93. 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 52-week low of C$5.01 and a 52-week high of C$7.59.

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

Insiders Place Their Bets

In other news, 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 transaction of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$6.88, for a total value of C$32,336.00. Over the last ninety days, insiders have sold 166,270 shares of company stock valued at $1,210,476. 15.87% of the stock is currently owned by 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.