Kelt Exploration Ltd. (TSE:KEL) Given Average Recommendation of “Buy” by Brokerages

Kelt Exploration Ltd. (TSE:KEL) has earned a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$8.97.

A number of equities analysts have recently commented on the stock. Scotiabank raised their target price on shares of Kelt Exploration from C$9.50 to C$10.00 in a research report on Friday, July 12th. CIBC lifted their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Finally, National Bankshares cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th.

Insiders Place Their Bets

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. Also, Director Michael Shea sold 15,000 shares of Kelt Exploration stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total transaction of C$91,200.00. Corporate insiders own 15.87% of the company’s stock.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$6.59 on Friday. The firm has a market cap of C$1.29 billion, a PE ratio of 19.97 and a beta of 1.95. The firm’s 50 day simple moving average is C$6.09 and its 200-day simple moving average is C$6.09. Kelt Exploration has a one year low of C$5.01 and a one year high of C$8.16. 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 (TSE:KEL) last issued its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. The business had revenue of C$109.09 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, equities analysts predict that Kelt Exploration will post 0.4879808 EPS for the current year.

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.