Shares of Kelt Exploration Ltd. (TSE:KEL – Get Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.30 and traded as low as C$4.68. Kelt Exploration shares last traded at C$4.81, with a volume of 599,612 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KEL. CIBC decreased their price target on Kelt Exploration from C$9.00 to C$7.00 in a research note on Tuesday, January 17th. Stifel Firstegy reiterated a “buy” rating on shares of Kelt Exploration in a research note on Thursday, January 12th. Stifel Nicolaus boosted their price target on Kelt Exploration from C$6.50 to C$7.00 in a research report on Monday, March 6th. Scotiabank downgraded Kelt Exploration from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$10.50 to C$7.50 in a research report on Tuesday, January 17th. Finally, ATB Capital set a C$9.50 target price on Kelt Exploration in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$7.95.
Kelt Exploration Trading Down 2.2 %
The company has a fifty day moving average of C$4.71 and a 200-day moving average of C$5.30. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.28 and a quick ratio of 0.61. The firm has a market capitalization of C$923.57 million, a PE ratio of 5.53 and a beta of 2.38.
Insider Transactions at Kelt Exploration
Kelt Exploration Company Profile
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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