Kelt Exploration (TSE:KEL) Given a C$9.50 Price Target at Raymond James

Raymond James set a C$9.50 price target on Kelt Exploration (TSE:KEL) in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the oil and gas exploration company’s stock.

A number of other equities research analysts have also issued reports on KEL. CIBC raised their price target on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares increased their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Scotiabank boosted their target price on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$10.08.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$5.22 on Tuesday. The company has a market capitalization of C$1.03 billion, a P/E ratio of 18.50 and a beta of 1.93. Kelt Exploration has a fifty-two week low of C$5.18 and a fifty-two week high of C$7.59. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The stock has a 50 day moving average price of C$6.46 and a two-hundred day moving average price of C$6.61.

Insider Transactions at Kelt Exploration

In other news, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total value of C$98,752.50. Also, Senior Officer Douglas Owen Macarthur sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$6.50, for a total value of C$292,500.00. In the last quarter, insiders sold 188,856 shares of company stock valued at $1,301,488. Corporate insiders own 15.87% of the company’s stock.

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 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.