Kelt Exploration (TSE:KEL) Given a C$12.50 Price Target by Ventum Financial Analysts

Ventum Financial set a C$12.50 target price on Kelt Exploration (TSE:KEL) in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.

A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada lifted their target price on Kelt Exploration from C$8.50 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. BMO Capital Markets raised their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Finally, TD Securities lifted their price objective on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$10.67.

Kelt Exploration Stock Performance

Shares of KEL opened at C$9.30 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.61 and a debt-to-equity ratio of 15.87. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 30.00 and a beta of -0.16. The stock has a 50 day moving average of C$8.41 and a 200 day moving average of C$7.59. Kelt Exploration has a 12 month low of C$4.90 and a 12 month high of C$9.62.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. The business 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%. As a group, sell-side analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Bruce Douglas Gigg sold 80,000 shares of Kelt Exploration stock in a transaction dated 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 completion of the transaction, the insider owned 224,574 shares in the company, valued at C$1,816,803.66. This trade represents a 26.27% decrease in their ownership of the stock. Also, insider Patrick William George Miles sold 94,300 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$8.03, for a total transaction of C$757,229.00. Following the completion of the sale, the insider directly owned 911,855 shares in the company, valued at approximately C$7,322,195.65. This trade represents a 9.37% decrease in their position. Insiders sold 224,500 shares of company stock worth $1,808,529 over the last quarter. 15.87% of the stock is currently owned by company insiders.

About Kelt Exploration

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.