Brokerages Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$8.97

Kelt Exploration Ltd. (TSE:KEL) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$8.97.

Several research analysts have weighed in on KEL shares. Scotiabank upped 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. National Bankshares dropped their target price on Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th.

Insider Transactions at Kelt Exploration

In other news, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$6.88, for a total value of C$32,336.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the business’s 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. Over the last three months, insiders sold 43,270 shares of company stock worth $299,207. 15.87% of the stock is owned by insiders.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$6.70 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.20. The stock’s 50-day moving average is C$6.50 and its two-hundred day moving average is C$6.21. The firm has a market cap of C$1.31 billion, a P/E ratio of 20.33 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The company had revenue of C$107.88 million for the quarter. Analysts predict that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal 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.