Kelt Exploration (TSE:KEL) Stock Crosses Above 200-Day Moving Average – Here’s Why

Kelt Exploration Ltd. (TSE:KEL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.49 and traded as high as C$7.07. Kelt Exploration shares last traded at C$6.72, with a volume of 774,269 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KEL shares. CIBC lifted their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Scotiabank lifted their price objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets increased their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Finally, National Bankshares lifted their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration has a consensus rating of “Buy” and a consensus price target of C$9.64.

Kelt Exploration Trading Down 1.8 %

The company has a fifty day moving average of C$6.89 and a 200-day moving average of C$6.50. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 20.00 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43.

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

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$6.88, for a total transaction of C$32,336.00. Also, Senior Officer Patrick William George Miles sold 48,000 shares of Kelt Exploration stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total value of C$352,876.80. Over the last three months, insiders have sold 166,270 shares of company stock valued at $1,210,476. Corporate 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.