Kelt Exploration (TSE:KEL) Earns Buy Rating from Stifel Firstegy

Stifel Firstegy reissued their buy rating on shares of Kelt Exploration (TSE:KEL – Get Rating) in a research note published on Thursday, PriceTargets.com reports.

Several other research firms have also commented on KEL. National Bankshares reduced their price objective on Kelt Exploration from C$9.00 to C$8.00 in a research note on Friday, November 11th. BMO Capital Markets reduced their price target on Kelt Exploration from C$10.00 to C$9.00 in a research report on Friday, November 11th. Stifel Nicolaus set a C$6.50 price objective on Kelt Exploration and gave the company a buy rating in a research report on Friday. CIBC reduced their target price on shares of Kelt Exploration from C$9.50 to C$9.00 and set an outperform rating for the company in a report on Monday, November 14th. Finally, Raymond James lowered their price target on shares of Kelt Exploration from C$8.00 to C$7.00 and set an outperform rating on the stock in a report on Friday, November 11th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$8.56.

Kelt Exploration Trading Up 1.2 %

Kelt Exploration stock opened at C$4.98 on Thursday. Kelt Exploration has a 52-week low of C$4.47 and a 52-week high of C$8.32. The company has a market cap of C$956.00 million and a P/E ratio of 6.15. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of C$5.20 and a two-hundred day simple moving average of C$5.73.

Kelt Exploration (TSE:KEL – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$143.25 million during the quarter. Analysts predict that Kelt Exploration will post 0.93 EPS for the current year.

Insiders Place Their Bets

In related news, Director David John Wilson acquired 57,300 shares of Kelt Exploration stock in a transaction dated Wednesday, January 11th. The shares were purchased at an average price of C$4.65 per share, for a total transaction of C$266,445.00. Following the completion of the transaction, the director now directly owns 19,240,040 shares in the company, valued at approximately C$89,466,186. In other news, Director David John Wilson acquired 57,300 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was purchased at an average price of C$4.65 per share, for a total transaction of C$266,445.00. Following the completion of the transaction, the director now directly owns 19,240,040 shares in the company, valued at approximately C$89,466,186. Also, Director Janet Elizabeth Vellutini bought 7,500 shares of Kelt Exploration stock in a transaction dated Tuesday, October 18th. The stock was purchased at an average cost of C$5.40 per share, for a total transaction of C$40,509.75. Following the completion of the acquisition, the director now directly owns 27,500 shares of the company’s stock, valued at approximately C$148,535.75. Insiders acquired 109,800 shares of company stock worth $529,705 in the last three months.

About Kelt Exploration

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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.