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 seven analysts that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$8.97.

Several equities research analysts have recently weighed in on KEL shares. National Bankshares decreased their target price on Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank upped their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th.

Kelt Exploration Trading Down 1.9 %

KEL stock traded down C$0.13 during trading on Monday, reaching C$6.80. 279,787 shares of the stock traded hands, compared to its average volume of 313,450. The business's 50 day moving average price is C$6.47 and its 200-day moving average price is C$6.20. Kelt Exploration has a 52-week low of C$5.01 and a 52-week high of C$7.20. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The firm has a market capitalization of C$1.33 billion, a PE ratio of 20.67 and a beta of 1.93.

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

Insider Buying and Selling

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$6.80, for a total transaction of C$124,440.00. 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. Over the last 90 days, insiders have sold 43,270 shares of company stock worth $299,207. 15.87% 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.