Kelt Exploration (TSE:KEL) PT Set at C$9.50 by TD Securities

Kelt Exploration (TSE:KEL) received a C$9.50 price objective from research analysts at TD Securities in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ price target points to a potential upside of 32.68% from the stock’s current price.

Separately, CIBC raised their price target on Kelt Exploration from C$10.50 to C$11.00 in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kelt Exploration has an average rating of “Buy” and a consensus price target of C$10.00.

Kelt Exploration Stock Performance

KEL opened at C$7.16 on Tuesday. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 24.69 and a beta of -0.51. The company has a fifty day moving average of C$7.50 and a 200 day moving average of C$7.14. Kelt Exploration has a fifty-two week low of C$4.90 and a fifty-two week high of C$8.22.

Kelt Exploration (TSE:KEL) last released its quarterly earnings data on Thursday, November 13th. The oil and gas exploration company reported C($0.04) EPS for the quarter. Kelt Exploration had a net margin of 13.12% and a return on equity of 5.40%. The business had revenue of C$100.14 million for the quarter. As a group, sell-side analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Buying and Selling at Kelt Exploration

In related news, insider Louise Lee sold 7,776 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the completion of the sale, the insider directly owned 21,802 shares of the company’s stock, valued at approximately C$131,466.06. This trade represents a 26.29% decrease in their position. Insiders own 15.87% of the company’s stock.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.