Brokerages Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$9.00

Kelt Exploration Ltd. (TSE:KEL) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$9.00.

Several research firms recently weighed in on KEL. CIBC increased their price target on Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Scotiabank increased their target price on shares of Kelt Exploration from C$9.50 to C$10.00 in a research note on Friday, July 12th.

Kelt Exploration Price Performance

Kelt Exploration stock opened at C$5.98 on Wednesday. Kelt Exploration has a 52-week low of C$5.01 and a 52-week high of C$8.16. The company has a market cap of C$1.17 billion, a price-to-earnings ratio of 18.12 and a beta of 1.95. The firm’s fifty day moving average is C$6.02 and its 200 day moving average is C$6.06. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

Kelt Exploration (TSE:KEL) 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 net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million during the quarter. Sell-side analysts forecast that Kelt Exploration will post 0.4791667 EPS for the current fiscal year.

Insider Transactions at Kelt Exploration

In related news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration 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 stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total value of C$91,200.00. Company insiders own 15.91% 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.