Kelt Exploration (TSE:KEL) Upgraded by Raymond James to "Moderate Buy" Rating

Raymond James upgraded shares of Kelt Exploration (TSE:KEL - Free Report) to a moderate buy rating in a report issued on Monday, April 7th,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. National Bankshares increased their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Scotiabank increased their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets upped their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Finally, CIBC upped their price objective on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th.

Kelt Exploration Trading Down 0.7 %

Shares of TSE:KEL traded down C$0.04 during midday trading on Monday, hitting C$5.32. 153,547 shares of the stock traded hands, compared to its average volume of 445,094. 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 stock has a market capitalization of C$1.05 billion, a PE ratio of 18.86 and a beta of 1.93. Kelt Exploration has a one year low of C$4.90 and a one year high of C$7.59. The business's 50 day moving average is C$6.34 and its two-hundred day moving average is C$6.59.

Insider Buying and Selling at Kelt Exploration

In other news, Senior Officer Douglas Owen Macarthur sold 45,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$6.50, for a total transaction of C$292,500.00. Also, Senior Officer Patrick William George Miles sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$6.68, for a total value of C$167,000.00. Insiders sold 168,856 shares of company stock worth $1,154,445 over the last 90 days. 15.87% of the stock is owned by 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.