Kelt Exploration Ltd. (TSE:KEL) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is C$8.97.

Several research firms recently issued reports on KEL. National Bankshares decreased their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. CIBC lifted their price target on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Finally, Scotiabank upped their price objective on Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th.

Insider Activity at Kelt Exploration

In other news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. In other news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction that occurred on Monday, August 12th. The shares were 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 on Friday, July 19th. The shares were sold at an average price of C$6.08, for a total transaction of C$91,200.00. Company insiders own 15.87% of the company’s stock.

Kelt Exploration Price Performance

KEL stock opened at C$6.80 on Friday. The stock has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 20.61 and a beta of 1.93. 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 has a 52-week low of C$5.01 and a 52-week high of C$8.16. The stock’s fifty day simple moving average is C$6.15 and its 200-day simple moving average is C$6.11.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C$109.09 million for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. Equities research analysts expect that Kelt Exploration will post 0.5224359 EPS for the current year.

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.