Analysts Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$9.64

Shares of Kelt Exploration Ltd. (TSE:KEL) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$9.64.

A number of equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. CIBC boosted their target price on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Scotiabank raised their price target on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Finally, National Bankshares upped their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

Insiders Place Their Bets

In related news, Senior Officer Patrick William George Miles sold 45,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00. Also, Director David John Wilson acquired 656,900 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of C$6.05 per share, with a total value of C$3,974,245.00. In the last 90 days, insiders sold 123,000 shares of company stock valued at $911,270. 15.87% of the stock is owned by insiders.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$6.07 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The company’s fifty day moving average price is C$6.88 and its 200-day moving average price is C$6.58. The stock has a market cap of C$1.20 billion, a PE ratio of 21.52 and a beta of 1.93. Kelt Exploration has a 12 month low of C$5.45 and a 12 month high of C$7.59.

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.