Kelt Exploration Ltd. (TSE:KEL) Receives Average Recommendation of “Buy” from Analysts

Shares of Kelt Exploration Ltd. (TSE:KEL) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$9.50.

KEL has been the topic of a number of research reports. Scotiabank boosted their target price on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday. National Bankshares increased their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. CIBC lifted their target price on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday. Finally, BMO Capital Markets increased their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th.

Insiders Place Their Bets

In other Kelt Exploration news, Director William Charles Guinan sold 10,000 shares of the firm’s 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 Patrick William George Miles sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$7.47, for a total value of C$336,150.00. Over the last ninety days, insiders sold 118,270 shares of company stock worth $857,600. 15.87% of the stock is currently owned by company insiders.

Kelt Exploration Stock Up 2.9 %

Shares of KEL opened at C$7.49 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.59. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 22.70 and a beta of 1.93. The stock has a fifty day moving average of C$6.79 and a 200-day moving average of C$6.41.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The firm had revenue of C$107.88 million for the quarter. As a group, sell-side analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share 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.