Kelt Exploration Ltd. (TSE:KEL) Receives C$9.64 Consensus Price Target from Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have earned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is C$9.64.

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. CIBC lifted 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 objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Finally, National Bankshares lifted their price objective 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.

Kelt Exploration Price Performance

TSE KEL opened at C$6.68 on Friday. Kelt Exploration has a 12 month low of C$5.26 and a 12 month high of C$7.59. The firm has a market capitalization of C$1.31 billion, a PE ratio of 20.24 and a beta of 1.93. The company’s 50 day simple moving average is C$6.89 and its 200 day simple moving average is C$6.51. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

Insiders Place Their Bets

In other Kelt Exploration news, Director David John Wilson purchased 656,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of C$6.05 per share, with a total value of C$3,974,245.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$6.80, for a total value of C$124,440.00. In the last quarter, insiders have sold 166,270 shares of company stock worth $1,210,476. Company 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.