BMO Capital Markets Issues Positive Forecast for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its target price upped by BMO Capital Markets from C$8.50 to C$9.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on KEL. Scotiabank lifted 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 lowered their price objective on Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and an average target price of C$9.03.

Kelt Exploration Stock Performance

Shares of KEL opened at C$6.58 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. Kelt Exploration has a 12 month low of C$5.01 and a 12 month high of C$7.20. The company’s fifty day moving average is C$6.57 and its 200-day moving average is C$6.27. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 19.94 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last posted 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. Equities analysts expect that Kelt Exploration will post 0.5224359 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William Charles Guinan sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$6.80, for a total transaction of C$124,440.00. Insiders sold a total of 43,270 shares of company stock valued at $299,207 over the last ninety days. 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.