Kelt Exploration (TSE:KEL – Get Free Report) had its price target dropped by equities researchers at National Bankshares from C$9.00 to C$8.75 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 41.36% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Scotiabank upped their price target on shares of Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. CIBC upped their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration has an average rating of “Buy” and a consensus price target of C$8.97.
Kelt Exploration Stock Up 2.1 %
Kelt Exploration (TSE:KEL – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The business had revenue of C$109.09 million for the quarter. On average, equities analysts expect that Kelt Exploration will post 0.4879808 EPS for the current year.
Insider Activity
In related news, Director Michael Shea sold 15,000 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Director Michael Shea sold 15,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$6.08, for a total transaction of C$91,200.00. Insiders own 15.87% of the company’s stock.
About Kelt Exploration
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.
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