Kelt Exploration (TSE:KEL) PT Raised to C$8.50

Kelt Exploration (TSE:KEL) had its target price boosted by equities research analysts at CIBC from C$8.00 to C$8.50 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. CIBC’s price target would suggest a potential upside of 32.81% from the stock’s previous close.

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

Kelt Exploration Stock Up 0.5 %

Shares of TSE:KEL opened at C$6.40 on Monday. The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 14.55 and a beta of 2.10. The stock has a fifty day simple moving average of C$5.96 and a two-hundred day simple moving average of C$6.24. Kelt Exploration has a 12-month low of C$4.56 and a 12-month high of C$8.16. The company has a current ratio of 0.83, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of C$129.00 million during the quarter. On average, research analysts anticipate that Kelt Exploration will post 0.4800307 earnings per share for the current fiscal year.

Insider Buying and Selling at Kelt Exploration

In other news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the firm’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. In other Kelt Exploration news, Senior Officer Alan G. Franks sold 15,000 shares of Kelt Exploration stock in a transaction dated 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 Kelt Exploration stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total value of C$241,200.00. In the last 90 days, insiders have sold 115,226 shares of company stock valued at $696,932. 15.94% of the stock is currently owned by corporate insiders.

Kelt Exploration Company Profile

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.