Analysts Set Kelt Exploration Ltd. (TSE:KEL) PT at C$9.00

Shares of Kelt Exploration Ltd. (TSE:KEL) have received a consensus rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$9.00.

KEL has been the subject of a number of research analyst reports. CIBC increased their price target on Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. Scotiabank increased their price objective on shares of Kelt Exploration from C$9.50 to C$10.00 in a research report on Friday, July 12th.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Director Michael Shea sold 15,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. In other news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Director Michael Shea sold 15,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of C$6.08, for a total transaction of C$91,200.00. Company insiders own 15.91% of the company’s stock.

Kelt Exploration Stock Performance

KEL stock opened at C$5.98 on Wednesday. The firm has a 50-day simple moving average of C$6.02 and a two-hundred day simple moving average of C$6.06. 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 one year low of C$5.01 and a one year high of C$8.16. The firm has a market cap of C$1.17 billion, a price-to-earnings ratio of 18.12 and a beta of 1.95.

Kelt Exploration (TSE:KEL) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share 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$109.09 million during the quarter. On average, equities analysts forecast that Kelt Exploration will post 0.4791667 EPS 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.