Kelt Exploration (TSE:KEL) Price Target Raised to C$11.00

Kelt Exploration (TSE:KEL) had its price objective upped by CIBC from C$10.50 to C$11.00 in a research note released on Friday morning,BayStreet.CA reports.

Kelt Exploration Stock Down 1.4%

TSE:KEL opened at C$7.59 on Friday. The stock’s fifty day moving average is C$6.84 and its two-hundred day moving average is C$6.92. Kelt Exploration has a 52 week low of C$4.90 and a 52 week high of C$8.22. The stock has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 26.17 and a beta of -0.46. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. The company had revenue of C$100.14 million for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%. Research analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Transactions at Kelt Exploration

In other news, insider Louise Lee sold 7,776 shares of Kelt Exploration stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the completion of the sale, the insider directly owned 21,802 shares in the company, valued at approximately C$131,466.06. This trade represents a 26.29% decrease in their position. Company insiders own 15.87% of the company’s stock.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.