Kelt Exploration (TSE:KEL) Price Target Raised to C$9.75

Kelt Exploration (TSE:KELGet Rating) had its price target increased by Stifel Nicolaus from C$7.75 to C$9.75 in a research report released on Friday, BayStreet.CA reports.

Several other equities research analysts have also recently commented on KEL. National Bankshares cut their price target on Kelt Exploration from C$10.00 to C$8.50 in a research note on Thursday, April 14th. TD Securities upped their price target on Kelt Exploration from C$6.50 to C$7.00 and gave the stock a buy rating in a research note on Friday, February 18th. Raymond James upped their price target on Kelt Exploration from C$6.50 to C$8.00 and gave the stock an outperform rating in a research note on Friday, March 25th. Cormark upped their price target on Kelt Exploration from C$8.00 to C$9.00 and gave the stock an outperform rating in a research note on Monday, April 18th. Finally, Scotiabank upped their price target on Kelt Exploration from C$8.00 to C$10.00 in a research note on Tuesday, March 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kelt Exploration currently has a consensus rating of Buy and an average price target of C$7.60.

Shares of TSE KEL opened at C$6.84 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 0.30. Kelt Exploration has a twelve month low of C$2.69 and a twelve month high of C$7.30. The stock has a 50 day moving average of C$6.48 and a two-hundred day moving average of C$5.55. The stock has a market cap of C$1.29 billion and a P/E ratio of 11.40.

Kelt Exploration (TSE:KELGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The oil and gas exploration company reported C$0.28 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.15. The firm had revenue of C$120.52 million during the quarter. As a group, research analysts predict that Kelt Exploration will post 0.62 earnings per share for the current year.

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 25,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at C$1,344,512.80. Also, Director William Charles Guinan sold 38,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of C$6.76, for a total value of C$256,880.00. Following the completion of the sale, the director now directly owns 1,189,459 shares in the company, valued at approximately C$8,040,742.84. Insiders have sold 92,833 shares of company stock worth $649,149 in the last ninety days.

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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