Kelt Exploration Ltd. (TSE:KEL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.17 and traded as high as C$6.55. Kelt Exploration shares last traded at C$6.52, with a volume of 427,669 shares traded.
Analyst Upgrades and Downgrades
Several brokerages recently commented on KEL. National Bankshares dropped their target price on Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. CIBC upped their target price on shares of Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. Finally, Scotiabank lifted 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 research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$8.97.
Read Our Latest Stock Report on Kelt Exploration
Kelt Exploration Stock Down 2.8 %
The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 19.21 and a beta of 1.93. 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's fifty day moving average is C$6.34 and its 200-day moving average is C$6.17.
Kelt Exploration (TSE:KEL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. On average, 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, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. Insiders own 15.87% of the company's stock.
Kelt Exploration Company Profile
(
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.
See Also
Before you consider Kelt Exploration, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kelt Exploration wasn't on the list.
While Kelt Exploration currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
