Kelt Exploration (TSE:KEL) Upgraded at Raymond James

Raymond James upgraded shares of Kelt Exploration (TSE:KEL) to a moderate buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

KEL has been the subject of several other reports. BMO Capital Markets boosted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares lifted their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Scotiabank increased their price target on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Finally, CIBC raised their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th.

Kelt Exploration Stock Performance

Kelt Exploration stock opened at C$5.67 on Monday. Kelt Exploration has a twelve month low of C$4.90 and a twelve month high of C$7.59. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. The company has a market capitalization of C$1.12 billion, a P/E ratio of 20.10 and a beta of 1.93. The stock’s 50 day moving average is C$6.41 and its 200 day moving average is C$6.60.

Insider Buying and Selling at Kelt Exploration

In other news, Senior Officer Patrick William George Miles sold 48,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$7.35, for a total value of C$352,876.80. Also, Senior Officer David A. Gillis sold 10,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$7.48, for a total value of C$74,800.00. Over the last quarter, insiders sold 188,856 shares of company stock valued at $1,301,488. Company 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.