Brokerages Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$8.36

Shares of Kelt Exploration Ltd. (TSE:KEL) have been given an average rating of “Buy” by the six brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$8.36.

Several research firms have recently issued reports on KEL. ATB Capital reduced their target price on shares of 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. TD Securities upgraded shares of Kelt Exploration from a “hold” rating to a “buy” rating and upped their target price for the stock from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. BMO Capital Markets set a C$8.50 target price on shares of Kelt Exploration and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. CIBC reduced their target price on shares of Kelt Exploration from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Finally, Raymond James reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Friday, January 19th.

Insider Activity at Kelt Exploration

In related news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total value of C$241,200.00. In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 27,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$6.09, for a total transaction of C$164,430.00. Also, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total transaction of C$241,200.00. Insiders have sold 115,226 shares of company stock valued at $696,932 over the last three months. 15.94% of the stock is owned by corporate insiders.

Kelt Exploration Stock Up 1.0 %

Kelt Exploration stock opened at C$6.10 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Kelt Exploration has a 12-month low of C$4.56 and a 12-month high of C$8.16. The firm’s fifty day moving average is C$5.90 and its 200 day moving average is C$6.26. The company has a market capitalization of C$1.19 billion, a PE ratio of 13.86 and a beta of 2.10.

Kelt Exploration (TSE:KEL) last released its earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.02. Kelt Exploration had a net margin of 19.70% and a return on equity of 9.03%. The company had revenue of C$129.00 million for the quarter. As a group, sell-side analysts predict that Kelt Exploration will post 0.4800307 EPS for the current fiscal year.

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.