Kelt Exploration Ltd. (TSE:KEL) Receives C$8.97 Consensus Target Price from Analysts

Kelt Exploration Ltd. (TSE:KEL) has received a consensus rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$8.97.

A number of equities research analysts have recently weighed in on the company. Scotiabank raised their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. National Bankshares reduced their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th.

Insider Activity

In other Kelt Exploration news, Director William Charles Guinan sold 10,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total value of C$69,000.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total value of C$73,430.50. Insiders have sold a total of 43,270 shares of company stock valued at $299,207 over the last 90 days. 15.87% of the stock is currently owned by company insiders.

Kelt Exploration Price Performance

Shares of KEL opened at C$6.73 on Monday. The business’s 50-day moving average is C$6.53 and its 200-day moving average is C$6.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 20.39 and a beta of 1.93. Kelt Exploration has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.20.

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 for the quarter. The firm had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. Equities research analysts expect that Kelt Exploration will post 0.5224359 EPS for the current fiscal year.

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.