TD Securities Boosts Kelt Exploration (KEL) Price Target to C$10.00

Kelt Exploration (TSE:KEL) had its price target boosted by analysts at TD Securities from C$9.50 to C$10.00 in a research report issued on Friday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ price objective would suggest a potential upside of 45.14% from the stock’s previous close.

A number of other analysts have also recently commented on the company. National Bank Financial cut their target price on Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating on the stock in a research report on Friday, November 10th. CIBC lifted their target price on Kelt Exploration from C$9.00 to C$10.00 in a research report on Tuesday, January 23rd. Raymond James Financial lifted their target price on Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research report on Friday, November 10th. Scotiabank cut their target price on Kelt Exploration from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, CSFB lifted their target price on Kelt Exploration from C$7.25 to C$8.50 in a research report on Monday, November 13th. One research 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 stock currently has an average rating of “Buy” and a consensus price target of C$9.53.

Shares of Kelt Exploration (TSE:KEL) traded down C$0.11 during midday trading on Friday, reaching C$6.89. The company’s stock had a trading volume of 1,034,538 shares, compared to its average volume of 876,121. The stock has a market cap of $1,250.00, a P/E ratio of -228.67 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 announced its quarterly earnings results on Thursday, November 9th. The oil and gas exploration company reported C($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.08) by C$0.02. The company had revenue of C$56.42 million during the quarter, compared to the consensus estimate of C$56.50 million. Kelt Exploration had a negative return on equity of 5.12% and a negative net margin of 20.76%.

In related news, insider David John Wilson purchased 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of C$6.70 per share, for a total transaction of C$502,500.00. Also, insider Douglas Owen Macarthur sold 25,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of C$7.72, for a total value of C$193,000.00. In the last quarter, insiders have bought 156,100 shares of company stock worth $1,061,788 and have sold 178,996 shares worth $1,335,914.

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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)

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