CIBC Issues Positive Forecast for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its target price hoisted by CIBC from C$10.00 to C$11.50 in a research report released on Friday,BayStreet.CA reports.

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

Kelt Exploration Trading Up 2.5 %

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

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

Insiders Place Their Bets

In other Kelt Exploration news, Senior Officer Patrick William George Miles sold 45,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00. Also, Senior Officer Douglas Owen Macarthur sold 10,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$7.22, for a total value of C$72,243.00. Over the last quarter, insiders sold 118,270 shares of company stock valued at $857,600. 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.