Analysts Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$8.69

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) has earned a consensus rating of "Buy" from the six brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$8.69.

Several research firms recently issued reports on KEL. Cormark boosted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, May 10th. ATB Capital lowered their target price on Kelt Exploration from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research note on Wednesday, March 20th. National Bankshares boosted their target price on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Friday, April 19th. TD Securities raised Kelt Exploration from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. Finally, BMO Capital Markets set a C$8.50 target price on Kelt Exploration and gave the stock an "outperform" rating in a research note on Tuesday, April 9th.

Kelt Exploration Trading Up 2.1 %

Shares of KEL stock traded up C$0.13 on Friday, hitting C$6.37. The stock had a trading volume of 227,827 shares, compared to its average volume of 265,691. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.61. The firm has a market capitalization of C$1.24 billion, a P/E ratio of 15.17 and a beta of 2.08. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$8.16. The company's 50 day moving average price is C$6.09 and its 200-day moving average price is C$5.89.

Kelt Exploration (TSE:KEL - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The oil and gas exploration company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The firm had revenue of C$126.39 million during the quarter. Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. Analysts anticipate that Kelt Exploration will post 0.4507257 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. In related news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$6.32, for a total value of C$31,603.00. In the last 90 days, insiders have sold 91,000 shares of company stock worth $556,593. 15.87% of the stock is currently owned by insiders.

About Kelt Exploration

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.