Kelt Exploration (TSE:KEL) Price Target Raised to C$10.00

Kelt Exploration (TSE:KELGet Rating) had its target price increased by BMO Capital Markets from C$9.00 to C$10.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. Raymond James boosted their price target on Kelt Exploration from C$6.50 to C$8.00 and gave the stock an outperform rating in a research report on Friday, March 25th. Scotiabank boosted their price target on Kelt Exploration from C$8.00 to C$10.00 in a research report on Tuesday, March 8th. Stifel Nicolaus boosted their price target on Kelt Exploration from C$7.75 to C$9.75 in a research report on Friday. Cormark boosted their price objective on Kelt Exploration from C$8.00 to C$9.00 and gave the stock an outperform rating in a research report on Monday, April 18th. Finally, National Bankshares cut their price objective on Kelt Exploration from C$10.00 to C$8.50 in a research report on Thursday, April 14th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$7.60.

Shares of TSE KEL opened at C$6.84 on Friday. The business’s 50-day moving average price is C$6.48 and its two-hundred day moving average price is C$5.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.66 and a quick ratio of 0.57. Kelt Exploration has a one year low of C$2.69 and a one year high of C$7.30. The company has a market capitalization of C$1.29 billion and a P/E ratio of 11.40.

Kelt Exploration (TSE:KELGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The oil and gas exploration company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.15. The company had revenue of C$120.52 million during the quarter. On average, equities analysts anticipate that Kelt Exploration will post 0.62 EPS for the current year.

In other news, Director William Charles Guinan sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of C$6.76, for a total value of C$256,880.00. Following the sale, the director now directly owns 1,189,459 shares in the company, valued at approximately C$8,040,742.84. Also, Senior Officer Bruce Douglas Gigg sold 25,000 shares of the stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of C$7.10, for a total value of C$177,500.00. Following the sale, the insider now owns 189,368 shares in the company, valued at C$1,344,512.80. In the last ninety days, insiders sold 92,833 shares of company stock valued at $649,149.

Kelt Exploration Company Profile (Get Rating)

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids production primarily to third party marketing companies.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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