Kelt Exploration Ltd. (TSE:KEL) Given Average Rating of "Buy" by Brokerages

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) has earned a consensus rating of "Buy" from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$9.64.

KEL has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Scotiabank boosted their target price on Kelt Exploration from C$10.50 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 report on Thursday, January 30th. Finally, CIBC boosted their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th.

Insider Activity at Kelt Exploration

In related news, Director David John Wilson bought 656,900 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the company's stock in a transaction 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. Insiders sold 123,000 shares of company stock worth $911,270 in the last ninety days. 15.87% of the stock is owned by company insiders.

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Kelt Exploration Stock Up 1.8 %

Shares of TSE:KEL traded up C$0.11 during trading on Wednesday, hitting C$6.07. 372,323 shares of the company were exchanged, compared to its average volume of 414,077. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 21.52 and a beta of 1.93. Kelt Exploration has a fifty-two week low of C$5.45 and a fifty-two week high of C$7.59. The firm has a fifty day moving average price of C$6.86 and a two-hundred day moving average price of C$6.58. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.

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.