Kelt Exploration Ltd. (TSE:KEL) Receives C$9.06 Average Price Target from Analysts

Shares of Kelt Exploration Ltd. (TSE:KEL - Get Free Report) have earned an average recommendation of "Buy" from the seven analysts that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$9.06.

Several equities research analysts have recently weighed in on KEL shares. National Bankshares upped their target price on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Scotiabank upped their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets boosted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$6.88, for a total value of C$32,336.00. Also, Director William Charles Guinan sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00. Over the last 90 days, insiders sold 108,270 shares of company stock valued at $785,357. Corporate insiders own 15.87% of the company's stock.

Kelt Exploration Stock Performance

Shares of TSE:KEL traded up C$0.11 during trading on Tuesday, reaching C$7.26. The stock had a trading volume of 209,665 shares, compared to its average volume of 322,655. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.59. The stock has a fifty day simple moving average of C$6.71 and a two-hundred day simple moving average of C$6.38. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 22.00 and a beta of 1.93.

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

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.