Stifel Firstegy Analysts Raise Earnings Estimates for Kelt Exploration Ltd. (TSE:KEL)

Kelt Exploration Ltd. (TSE:KEL – Get Rating) – Research analysts at Stifel Firstegy boosted their FY2022 EPS estimates for shares of Kelt Exploration in a research note issued on Thursday, May 19th. Stifel Firstegy analyst R. Fitzmartyn now anticipates that the oil and gas exploration company will post earnings per share of $1.10 for the year, up from their prior estimate of $1.03.

Kelt Exploration (TSE:KEL – Get Rating) last issued its earnings results on Thursday, March 10th. The oil and gas exploration company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.15. The firm had revenue of C$120.52 million during the quarter.

KEL has been the topic of several other reports. TD Securities raised their price objective on Kelt Exploration from C$6.50 to C$7.00 and gave the company a “buy” rating in a report on Friday, February 18th. Cormark upped 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. Scotiabank upped their price objective on Kelt Exploration from C$8.00 to C$10.00 in a research note on Tuesday, March 8th. BMO Capital Markets upped their price target on Kelt Exploration from C$9.00 to C$10.00 in a report on Friday, May 6th. Finally, Raymond James set a C$8.00 price target on Kelt Exploration and gave the stock an “outperform” rating in a research note on Friday, May 6th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$7.60.

TSE KEL opened at C$6.50 on Monday. The business’s 50 day moving average price is C$6.62 and its 200-day moving average price is C$5.65. The company has a market cap of C$1.24 billion and a P/E ratio of 10.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.57 and a current ratio of 0.66. Kelt Exploration has a fifty-two week low of C$2.71 and a fifty-two week high of C$7.30.

In other Kelt Exploration news, Director William Charles Guinan sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of C$7.23, for a total transaction of C$144,660.00. Following the completion of the sale, the director now directly owns 1,154,459 shares in the company, valued at approximately C$8,350,201.95. Also, Senior Officer Bruce Douglas Gigg sold 25,000 shares of the company’s 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 directly owns 189,368 shares in the company, valued at C$1,344,512.80. Insiders have sold a total of 92,833 shares of company stock valued at $649,149 in the last 90 days.

About Kelt Exploration (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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