Kelt Exploration Ltd. (TSE:KEL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kelt Exploration Ltd. (TSE:KEL – Get Rating) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$7.89.

A number of research firms have recently weighed in on KEL. National Bankshares lowered their price objective on Kelt Exploration from C$9.00 to C$8.00 in a research report on Friday, November 11th. Scotiabank cut Kelt Exploration from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$10.50 to C$7.50 in a research report on Tuesday, January 17th. CIBC lowered their price target on Kelt Exploration from C$9.00 to C$7.00 in a report on Tuesday, January 17th. Stifel Firstegy reissued a “buy” rating on shares of Kelt Exploration in a report on Thursday, January 12th. Finally, Stifel Nicolaus set a C$6.50 price target on Kelt Exploration and gave the stock a “buy” rating in a report on Friday, January 13th.

Kelt Exploration Stock Up 1.6 %

KEL stock opened at C$4.97 on Friday. Kelt Exploration has a twelve month low of C$4.29 and a twelve month high of C$8.32. 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 stock has a market cap of C$954.09 million, a P/E ratio of 5.99 and a beta of 2.41. The business’s 50-day moving average price is C$4.72 and its 200-day moving average price is C$5.38.

Insiders Place Their Bets

In other news, Director David John Wilson acquired 57,300 shares of Kelt Exploration stock in a transaction on Wednesday, January 11th. The shares were acquired at an average price of C$4.65 per share, with a total value of C$266,445.00. Following the purchase, the director now directly owns 19,240,040 shares in the company, valued at approximately C$89,466,186. Corporate insiders own 15.95% of the company’s stock.

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.