Kelt Exploration (TSE:KEL) Price Target Raised to C$9.00

Kelt Exploration (TSE:KEL) had its price objective raised by National Bankshares from C$8.75 to C$9.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Scotiabank upped their price objective on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration presently has an average rating of “Buy” and an average target price of C$9.06.

Kelt Exploration Stock Performance

Shares of TSE KEL opened at C$6.18 on Thursday. The stock’s fifty day moving average price is C$6.55 and its two-hundred day moving average price is C$6.27. Kelt Exploration has a one year low of C$5.01 and a one year high of C$7.20. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of 18.73 and a beta of 1.93. 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 issued its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. On average, equities analysts forecast that Kelt Exploration will post 0.5224359 EPS for the current year.

Insiders Place Their Bets

In other news, Director David John Wilson purchased 656,900 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of C$6.05 per share, with a total value of C$3,974,245.00. Also, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$6.88, for a total value of C$32,336.00. Insiders have sold 43,270 shares of company stock worth $299,207 in the last ninety days. 15.87% of the stock is owned by company 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.