Kelt Exploration Ltd (KEL) Receives Average Recommendation of “Buy” from Analysts

Kelt Exploration Ltd (TSE:KEL) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$9.33.

KEL has been the topic of several recent analyst reports. CSFB raised their price target on shares of Kelt Exploration from C$7.25 to C$8.50 in a research note on Monday, November 13th. Raymond James Financial raised their price target on shares of Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research note on Friday, November 10th. CIBC raised their price target on shares of Kelt Exploration from C$9.00 to C$10.00 in a research note on Tuesday, January 23rd. Scotiabank raised their price target on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research note on Tuesday, October 10th. Finally, National Bank Financial raised their price target on shares of Kelt Exploration from C$7.00 to C$8.75 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th.

Kelt Exploration (TSE:KEL) remained flat at $C$7.79 during mid-day trading on Tuesday. The stock had a trading volume of 996,034 shares, compared to its average volume of 879,217. The company has a market cap of $1,440.00, a PE ratio of -258.67 and a beta of 0.93. Kelt Exploration has a 12 month low of C$5.56 and a 12 month high of C$8.20.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Thursday, November 9th. The oil and gas exploration company reported C($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.08) by C$0.02. Kelt Exploration had a negative net margin of 20.76% and a negative return on equity of 5.12%.

In other Kelt Exploration news, Director William Charles Guinan sold 19,296 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$7.36, for a total transaction of C$142,018.56. Also, insider Douglas Owen Macarthur sold 50,000 shares of the firm’s stock in a transaction dated Monday, January 15th. The shares were sold at an average price of C$7.74, for a total transaction of C$387,000.00. In the last three months, insiders have acquired 156,100 shares of company stock worth $1,061,788 and have sold 178,996 shares worth $1,335,914.

WARNING: “Kelt Exploration Ltd (KEL) Receives Average Recommendation of “Buy” from Analysts” was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/30/kelt-exploration-ltd-kel-receives-average-recommendation-of-buy-from-analysts.html.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply