Ventum Financial Reiterates C$12.50 Price Target for Kelt Exploration (TSE:KEL)

Ventum Financial set a C$12.50 price target on Kelt Exploration (TSE:KEL) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Several other research firms have also recently issued reports on KEL. TD Securities lifted their price objective on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Friday, March 13th. BMO Capital Markets upped their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Finally, Royal Bank Of Canada raised their target price on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$10.67.

Kelt Exploration Price Performance

Shares of Kelt Exploration stock opened at C$9.25 on Tuesday. The stock’s 50-day simple moving average is C$8.47 and its 200-day simple moving average is C$7.62. Kelt Exploration has a 52 week low of C$4.90 and a 52 week high of C$9.62. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 29.84 and a beta of -0.16. The company has a quick ratio of 0.61, a current ratio of 1.00 and a debt-to-equity ratio of 15.87.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 5.65% and a net margin of 12.56%.The firm had revenue of C$132.64 million during the quarter. As a group, analysts expect that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Buying and Selling at Kelt Exploration

In other news, insider Bruce Douglas Gigg sold 80,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$8.09, for a total transaction of C$647,200.00. Following the completion of the transaction, the insider directly owned 224,574 shares in the company, valued at approximately C$1,816,803.66. This represents a 26.27% decrease in their position. Also, insider Sadiq Lalani sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the completion of the transaction, the insider directly owned 1,845,000 shares of the company’s stock, valued at approximately C$14,852,250. This trade represents a 2.64% decrease in their ownership of the stock. Insiders sold 224,500 shares of company stock worth $1,808,529 in the last quarter. 15.87% of the stock is owned by corporate insiders.

Kelt Exploration Company Profile

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.