Raymond James set a C$9.50 price target on Kelt Exploration (TSE:KEL - Free Report) in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and gas exploration company's stock.
KEL has been the topic of a number of other research reports. BMO Capital Markets increased their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Scotiabank increased their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. CIBC boosted their target price on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Finally, National Bankshares raised their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an "outperform" rating in a report on Thursday, January 30th.
Read Our Latest Analysis on KEL
Kelt Exploration Stock Up 2.3 %
Shares of TSE KEL traded up C$0.12 during trading on Tuesday, reaching C$5.36. The company had a trading volume of 814,207 shares, compared to its average volume of 449,428. Kelt Exploration has a 12-month low of C$4.90 and a 12-month high of C$7.59. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. The business's 50-day moving average is C$6.34 and its 200 day moving average is C$6.58. The stock has a market cap of C$1.06 billion, a PE ratio of 19.00 and a beta of 1.93.
Insider Activity at Kelt Exploration
In other news, Senior Officer Patrick William George Miles sold 48,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total transaction of C$352,876.80. Also, Senior Officer Douglas Owen Macarthur sold 10,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$7.22, for a total value of C$72,243.00. Over the last 90 days, insiders sold 178,856 shares of company stock worth $1,226,688. 15.87% of the stock is owned by insiders.
About Kelt Exploration
(
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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.
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