Kelt Exploration (TSE:KEL) Price Target Cut to C$8.75

Kelt Exploration (TSE:KEL) had its price objective dropped by analysts at National Bankshares from C$9.00 to C$8.75 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 41.36% from the company’s current price.

A number of other research firms also recently commented on KEL. CIBC lifted their target price on shares of Kelt Exploration from C$8.50 to C$10.00 in a research report on Monday, July 15th. Scotiabank lifted their price objective on Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$8.97.

Kelt Exploration Trading Up 2.1 %

Kelt Exploration stock opened at C$6.19 on Friday. Kelt Exploration has a one year low of C$5.01 and a one year high of C$8.16. The business’s fifty day moving average is C$6.06 and its 200 day moving average is C$6.07. The stock has a market capitalization of C$1.21 billion, a PE ratio of 18.76 and a beta of 1.95. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million for the quarter. On average, sell-side analysts predict that Kelt Exploration will post 0.4879808 EPS for the current year.

Insider Transactions at Kelt Exploration

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