Analysts Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$9.06

Shares of Kelt Exploration Ltd. (TSE:KEL) have earned an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$9.06.

Several analysts have commented on KEL shares. National Bankshares boosted their price target on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank boosted their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th.

Kelt Exploration Trading Up 1.0 %

Shares of Kelt Exploration stock opened at C$6.24 on Friday. Kelt Exploration has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.20. 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 company has a market capitalization of C$1.22 billion, a P/E ratio of 18.91 and a beta of 1.93. The company has a fifty day moving average of C$6.54 and a 200 day moving average of C$6.27.

Kelt Exploration (TSE:KEL) last released its 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 during the quarter. On average, sell-side analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Activity

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. Also, Director David John Wilson bought 656,900 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Insiders sold 43,270 shares of company stock valued at $299,207 in the last ninety days. 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.