Kelt Exploration (TSE:KEL) Price Target Raised to C$8.50 at CIBC

Kelt Exploration (TSE:KEL) had its target price boosted by CIBC from C$8.00 to C$8.50 in a research note published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

A number of other research analysts have also recently commented on the company. ATB Capital lowered their price target on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating on the stock in a report on Wednesday, March 20th. National Bankshares lifted their price objective on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an outperform rating in a research note on Friday, April 19th. TD Securities raised Kelt Exploration from a hold rating to a buy rating and lifted their price objective for the stock from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. BMO Capital Markets set a C$8.50 price objective on Kelt Exploration and gave the stock an outperform rating in a research note on Tuesday, April 9th. Finally, Raymond James reduced their price objective on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating on the stock in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and a consensus price target of C$8.64.

Kelt Exploration Stock Down 2.0 %

KEL stock opened at C$6.27 on Monday. Kelt Exploration has a twelve month low of C$4.56 and a twelve month high of C$8.16. The company has a quick ratio of 0.61, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The stock has a market cap of C$1.22 billion, a P/E ratio of 14.25 and a beta of 2.10. The business’s 50-day moving average price is C$5.98 and its 200-day moving average price is C$6.23.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.02. Kelt Exploration had a return on equity of 9.03% and a net margin of 19.70%. The company had revenue of C$129.00 million for the quarter. On average, equities research analysts forecast that Kelt Exploration will post 0.4800307 EPS for the current year.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Senior Officer Alan G. Franks sold 15,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$5.92, for a total value of C$88,800.00. In related news, Senior Officer Alan G. Franks sold 15,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$5.92, for a total transaction of C$88,800.00. Also, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$6.03, for a total value of C$241,200.00. Insiders have sold 115,226 shares of company stock valued at $696,932 in the last quarter. 15.94% of the stock is owned by insiders.

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.