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

Shares of Kelt Exploration Ltd. (TSE:KEL) have been assigned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$9.64.

Several analysts have recently weighed in on the stock. National Bankshares raised their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. CIBC increased their target price on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Finally, Scotiabank lifted their price target on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th.

Insider Activity

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total value of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$6.80, for a total value of C$124,440.00. Insiders have sold 166,270 shares of company stock valued at $1,210,476 over the last 90 days. 15.87% of the stock is owned by company insiders.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$6.60 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The business’s fifty day moving average price is C$6.89 and its two-hundred day moving average price is C$6.50. Kelt Exploration has a fifty-two week low of C$5.19 and a fifty-two week high of C$7.59. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 20.00 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last announced its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$107.88 million during the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, analysts predict that Kelt Exploration will post 0.5224359 EPS for the current fiscal 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.