Kelt Exploration Ltd. (TSE:KEL) Receives C$9.64 Average Target Price from Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$9.64.

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

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$6.88, for a total transaction of C$32,336.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. Insiders have sold 166,270 shares of company stock worth $1,210,476 over the last quarter. Insiders own 15.87% of the company’s stock.

Kelt Exploration Trading Down 1.6 %

Shares of KEL opened at C$6.75 on Friday. The firm has a market cap of C$1.32 billion, a P/E ratio of 20.45 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration has a 1 year low of C$5.27 and a 1 year high of C$7.59. The company has a 50 day simple moving average of C$6.89 and a two-hundred day simple moving average of C$6.52.

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.