Kelt Exploration (TSE:KEL – Get Free Report) had its target price increased by stock analysts at Scotiabank from C$9.50 to C$10.00 in a research note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 64.20% from the company’s current price.
KEL has been the subject of several other research reports. National Bankshares upped their price target on Kelt Exploration from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, April 19th. CIBC upped their price target on Kelt Exploration from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Monday, April 22nd. BMO Capital Markets set a C$8.50 price target on Kelt Exploration and gave the company an “outperform” rating in a report on Tuesday, April 9th. Cormark upped their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, May 10th. Finally, ATB Capital cut their price target on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration has an average rating of “Buy” and a consensus target price of C$8.83.
Check Out Our Latest Stock Analysis on KEL
Kelt Exploration Stock Up 1.7 %
Kelt Exploration (TSE:KEL – Get Free Report) last announced its earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. The business had revenue of C$126.39 million for the quarter. On average, equities research analysts forecast that Kelt Exploration will post 0.4507257 EPS for the current fiscal year.
Insider Transactions at Kelt Exploration
In other news, Senior Officer David A. Gillis sold 14,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$5.94, for a total value of C$83,160.00. In related news, Senior Officer David A. Gillis sold 14,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of C$5.94, for a total transaction of C$83,160.00. Also, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$6.32, for a total value of C$31,603.00. In the last ninety days, insiders sold 34,000 shares of company stock valued at $208,563. Corporate insiders own 15.87% 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.
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