Kelt Exploration (TSE:KEL - Free Report) had its target price increased by National Bankshares from C$8.75 to C$9.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the oil and gas exploration company's stock.
A number of other analysts have also recently commented on KEL. Scotiabank lifted their price target 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. BMO Capital Markets increased their target price on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$9.06.
View Our Latest Stock Report on Kelt Exploration
Kelt Exploration Stock Up 0.5 %
Kelt Exploration stock traded up C$0.03 during trading hours on Thursday, reaching C$6.18. The stock had a trading volume of 251,512 shares, compared to its average volume of 309,559. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.20. The company has a market cap of C$1.21 billion, a price-to-earnings ratio of 18.73 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 business's 50 day moving average price is C$6.55 and its 200-day moving average price is C$6.27.
Kelt Exploration (TSE:KEL - Get Free Report) last released its 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. Sell-side analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current year.
Insider Activity at Kelt Exploration
In related news, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$6.88, for a total value of C$32,336.00. Also, Senior Officer Bruce Douglas Gigg sold 10,270 shares of Kelt Exploration stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. Insiders sold a total of 43,270 shares of company stock valued at $299,207 over the last ninety days. Insiders own 15.87% of the company's stock.
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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