Kelt Exploration (TSE:KEL) Stock Price Expected to Rise, CIBC Analyst Says

Kelt Exploration (TSE:KEL) had its price objective upped by equities researchers at CIBC from C$10.00 to C$11.50 in a report released on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 57.97% from the company’s previous close.

KEL has been the topic of a number of other reports. BMO Capital Markets boosted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares upped their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Scotiabank upped their price target on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$9.38.

Kelt Exploration Stock Performance

KEL opened at C$7.28 on Friday. The stock has a market cap of C$1.42 billion, a PE ratio of 22.06 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$7.59. The stock’s 50 day simple moving average is C$6.76 and its 200-day simple moving average is C$6.40.

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

Insider Buying and Selling at Kelt Exploration

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total transaction of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$6.88, for a total value of C$32,336.00. Insiders have sold 118,270 shares of company stock worth $857,600 over the last three months. Company insiders own 15.87% of the company’s stock.

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.