Kelt Exploration Ltd. (TSE:KEL - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$7.35 and last traded at C$7.35, with a volume of 45129 shares. The stock had previously closed at C$7.10.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. National Bankshares increased their price target on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Scotiabank boosted 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. Finally, BMO Capital Markets lifted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$9.06.
Check Out Our Latest Research Report on KEL
Kelt Exploration Stock Up 2.7 %
The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The firm's fifty day moving average price is C$6.61 and its 200-day moving average price is C$6.32. The company has a market cap of C$1.43 billion, a price-to-earnings ratio of 22.09 and a beta of 1.93.
Kelt Exploration (TSE:KEL - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$107.88 million during the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. Sell-side analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.
Insider Transactions at Kelt Exploration
In other Kelt Exploration news, Director William Charles Guinan sold 10,000 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total transaction of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 4,700 shares of Kelt Exploration stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$6.88, for a total transaction of C$32,336.00. Insiders sold 43,270 shares of company stock valued at $299,207 over the last three months. Company insiders own 15.87% of the company's stock.
About Kelt Exploration
(
Get Free Report)
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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