TD Securities Reiterates C$9.50 Price Target for Kelt Exploration (TSE:KEL)

Kelt Exploration (TSE:KEL) has been assigned a C$9.50 target price by equities research analysts at TD Securities in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ price target points to a potential upside of 30.32% from the company’s previous close.

Separately, CIBC lifted their target price on shares of Kelt Exploration from C$10.50 to C$11.00 in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$10.00.

Kelt Exploration Stock Performance

KEL traded down C$0.21 during midday trading on Tuesday, reaching C$7.29. The company had a trading volume of 366,798 shares, compared to its average volume of 439,688. The business has a 50-day moving average of C$7.46 and a two-hundred day moving average of C$7.14. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. Kelt Exploration has a 1 year low of C$4.90 and a 1 year high of C$8.22. The company has a market cap of C$1.45 billion, a P/E ratio of 25.14 and a beta of -0.51.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%.The firm had revenue of C$100.14 million during the quarter. As a group, equities research analysts predict that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Activity at Kelt Exploration

In other news, insider Louise Lee sold 7,776 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the completion of the transaction, the insider owned 21,802 shares in the company, valued at C$131,466.06. This trade represents a 26.29% decrease in their ownership of the stock. 15.87% of the stock is owned by company insiders.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.