Kelt Exploration (TSE:KEL) Price Target Raised to C$9.00

Kelt Exploration (TSE:KEL - Free Report) had its price target raised by BMO Capital Markets from C$8.50 to C$9.00 in a report issued on Friday,BayStreet.CA reports.

A number of other research analysts have also issued reports on KEL. National Bankshares dropped their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Scotiabank raised their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$9.03.

Kelt Exploration Price Performance

KEL traded down C$0.07 during trading on Friday, hitting C$6.58. 395,062 shares of the stock traded hands, compared to its average volume of 307,185. The business has a 50 day moving average price of C$6.57 and a 200 day moving average price of C$6.27. 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 twelve month low of C$5.01 and a twelve month high of C$7.20. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 19.94 and a beta of 1.93.

Kelt Exploration (TSE:KEL - Get Free Report) last posted its quarterly 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 net margin of 16.02% and a return on equity of 6.72%. The company had revenue of C$107.88 million for the quarter. Equities research analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William Charles Guinan sold 10,000 shares of Kelt Exploration stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00. Insiders sold 43,270 shares of company stock worth $299,207 in the last quarter. 15.87% of the stock is 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.