Kelt Exploration Ltd (TSE:KEL) Expected to Post Q3 2017 Earnings of ($0.05) Per Share
Kelt Exploration Ltd (TSE:KEL) – Analysts at Cormark issued their Q3 2017 earnings per share (EPS) estimates for shares of Kelt Exploration in a research note issued on Thursday. Cormark analyst A. Arif expects that the oil and gas exploration company will post earnings of ($0.05) per share for the quarter. Cormark also issued estimates for Kelt Exploration’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.08) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.03 EPS.
Several other brokerages have also issued reports on KEL. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$9.00 price target on shares of Kelt Exploration in a report on Monday, June 5th. TD Securities lifted their price target on shares of Kelt Exploration from C$9.00 to C$9.50 and gave the company an “action list buy” rating in a report on Thursday, May 11th. BMO Capital Markets lifted their price target on shares of Kelt Exploration from C$7.50 to C$8.25 in a report on Thursday, May 11th. CSFB reaffirmed a “neutral” rating and set a C$7.00 price target on shares of Kelt Exploration in a report on Thursday, May 11th. Finally, Raymond James Financial, Inc. decreased their price target on shares of Kelt Exploration from C$10.00 to C$9.50 and set a “strong-buy” rating on the stock in a report on Thursday, May 11th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$8.40.
Kelt Exploration (KEL) opened at 6.03 on Monday. The firm’s market capitalization is $978.67 million. The stock’s 50 day moving average is $6.25 and its 200-day moving average is $6.45. Kelt Exploration has a 12 month low of $4.66 and a 12 month high of $7.70.
In related news, Director Robert John Dales purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 4th. The shares were bought at an average cost of C$6.31 per share, with a total value of C$31,550.00.
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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2016, the company owned interests in approximately 856,754 net acres of developed and undeveloped land.
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