Kelt Exploration (TSE:KEL) Hits New 12-Month High – Should You Buy?

Kelt Exploration Ltd. (TSE:KEL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$8.23 and last traded at C$8.01, with a volume of 359386 shares traded. The stock had previously closed at C$7.94.

Analyst Ratings Changes

KEL has been the topic of several research reports. TD Securities set a C$9.50 price target on Kelt Exploration and gave the company a “buy” rating in a report on Tuesday, January 6th. CIBC upped their target price on shares of Kelt Exploration from C$10.50 to C$11.00 in a research report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$9.70.

Kelt Exploration Stock Performance

The firm has a market cap of C$1.61 billion, a P/E ratio of 27.83 and a beta of -0.51. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The stock’s 50-day moving average is C$7.60 and its 200 day moving average is C$7.18.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, November 13th. 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 5.40% and a net margin of 13.12%.The business had revenue of C$100.14 million during the quarter. On average, research analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.