Kelt Exploration Ltd. (TSE:KEL) Given Average Rating of “Buy” by Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$8.64.

A number of brokerages recently weighed in on KEL. National Bankshares lifted their price objective on shares of Kelt Exploration from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, April 19th. ATB Capital dropped their price objective on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. BMO Capital Markets set a C$8.50 target price on Kelt Exploration and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Raymond James dropped their price target on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, TD Securities upgraded Kelt Exploration from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$7.50 to C$8.00 in a report on Wednesday, March 20th.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of Kelt Exploration stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$6.03, for a total value of C$241,200.00. In related news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total transaction of C$241,200.00. Also, Senior Officer Alan G. Franks sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. In the last 90 days, insiders have sold 115,226 shares of company stock valued at $696,932. 15.94% of the stock is currently owned by corporate insiders.

Kelt Exploration Price Performance

Shares of KEL stock opened at C$6.08 on Thursday. The stock has a 50 day moving average price of C$6.09 and a 200 day moving average price of C$6.16. Kelt Exploration has a 52-week low of C$4.88 and a 52-week high of C$8.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.83. The firm has a market capitalization of C$1.18 billion, a P/E ratio of 13.82 and a beta of 2.10.

Kelt Exploration (TSE:KEL) last released its earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.10 by C$0.02. The business had revenue of C$129.00 million during the quarter. Kelt Exploration had a return on equity of 9.03% and a net margin of 19.70%. As a group, sell-side analysts predict 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.