Kelt Exploration Ltd. (TSE:KEL) Receives C$8.36 Average PT from Brokerages

Kelt Exploration Ltd. (TSE:KEL) has earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is C$8.36.

KEL has been the subject of a number of recent research reports. National Bankshares decreased their price objective on Kelt Exploration from C$8.75 to C$7.50 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. BMO Capital Markets set a C$8.50 price target on Kelt Exploration and gave the company an “outperform” rating in a report on Tuesday, April 9th. TD Securities raised Kelt Exploration from a “hold” rating to a “buy” rating and raised their price target for the company from C$7.50 to C$8.00 in a report on Wednesday, March 20th. Raymond James reduced their price target on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, CIBC dropped their price target on Kelt Exploration from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th.

Insider Activity

In related news, Senior Officer Alan G. Franks sold 15,000 shares of Kelt Exploration stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$5.92, for a total value of C$88,800.00. In related news, Senior Officer Alan G. Franks sold 15,000 shares of Kelt Exploration stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$5.92, for a total value of C$88,800.00. Also, Senior Officer Bruce Douglas Gigg sold 30,000 shares of Kelt Exploration stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. Insiders sold a total of 115,226 shares of company stock valued at $696,932 over the last quarter. Company insiders own 15.94% of the company’s stock.

Kelt Exploration Stock Up 1.0 %

Kelt Exploration stock opened at C$6.10 on Friday. Kelt Exploration has a twelve month low of C$4.56 and a twelve month high of C$8.16. The stock has a 50 day moving average of C$5.90 and a two-hundred day moving average of C$6.26. The company has a current ratio of 0.83, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 13.86 and a beta of 2.10.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.02. Kelt Exploration had a return on equity of 9.03% and a net margin of 19.70%. The company had revenue of C$129.00 million during the quarter. As a group, research analysts expect that Kelt Exploration will post 0.4800307 earnings per share for the current year.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.