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

Kelt Exploration (TSE:KEL) had its target price upped by equities researchers at National Bankshares from C$9.00 to C$10.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ target price would suggest a potential upside of 43.88% from the company’s previous close.

KEL has been the topic of a number of other research reports. CIBC lifted their target price on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, Scotiabank raised their target price on shares of Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$9.64.

Kelt Exploration Stock Down 0.4 %

TSE KEL traded down C$0.03 during trading on Thursday, hitting C$6.95. The stock had a trading volume of 79,342 shares, compared to its average volume of 330,389. Kelt Exploration has a 12 month low of C$5.01 and a 12 month 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’s 50-day moving average price is C$6.88 and its two-hundred day moving average price is C$6.46. The company has a market capitalization of C$1.36 billion, a PE ratio of 21.06 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. The business 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%. As a group, sell-side analysts forecast that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Transactions at Kelt Exploration

In other news, Director William Charles Guinan sold 10,000 shares of Kelt Exploration stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total transaction of C$69,000.00. Also, Senior Officer Patrick William George Miles sold 48,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total transaction of C$352,876.80. In the last 90 days, insiders sold 166,270 shares of company stock worth $1,210,476. 15.87% of the stock is owned by insiders.

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.