TD Securities Raises Kelt Exploration (TSE:KEL) Price Target to C$11.00

Kelt Exploration (TSE:KEL) had its price objective hoisted by investment analysts at TD Securities from C$9.00 to C$11.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ target price would suggest a potential upside of 17.65% from the company’s current price.

Separately, Canadian Imperial Bank of Commerce raised their target price on shares of Kelt Exploration from C$10.50 to C$11.00 in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and a consensus target price of C$10.30.

Kelt Exploration Trading Up 3.2%

Shares of TSE KEL opened at C$9.35 on Friday. Kelt Exploration has a 12 month low of C$4.90 and a 12 month high of C$9.42. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of 32.24 and a beta of -0.16. The company has a quick ratio of 0.61, a current ratio of 1.00 and a debt-to-equity ratio of 15.87. The business has a fifty day simple moving average of C$8.15 and a 200-day simple moving average of C$7.47.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. The firm had revenue of C$132.64 million for the quarter. Kelt Exploration had a return on equity of 5.65% and a net margin of 12.56%. Sell-side analysts predict that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Activity

In other news, insider Sadiq Lalani sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$8.05, for a total value of C$402,500.00. Following the completion of the sale, the insider owned 1,845,000 shares of the company’s stock, valued at C$14,852,250. This trade represents a 2.64% decrease in their ownership of the stock. Also, insider Bruce Douglas Gigg sold 80,000 shares of Kelt Exploration stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$8.09, for a total value of C$647,200.00. Following the transaction, the insider owned 224,574 shares in the company, valued at C$1,816,803.66. This represents a 26.27% decrease in their position. Insiders sold 224,500 shares of company stock worth $1,808,529 over the last quarter. Corporate 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. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.