Kelt Exploration (TSE:KEL) PT Raised to C$9.00 at National Bankshares

Kelt Exploration (TSE:KEL) had its target price hoisted by stock analysts at National Bankshares from C$7.50 to C$9.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ price objective indicates a potential upside of 48.27% from the company’s previous close.

KEL has been the topic of a number of other research reports. Raymond James cut their price target on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. CIBC cut their price target on shares of Kelt Exploration from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. BMO Capital Markets set a C$8.50 price target on shares of Kelt Exploration and gave the company an “outperform” rating in a research report on Tuesday, April 9th. TD Securities raised shares of Kelt Exploration from a “hold” rating to a “buy” rating and upped their price target for the company from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. Finally, ATB Capital cut their price target on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$8.57.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at C$6.07 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 twelve month low of C$4.56 and a twelve month high of C$8.16. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of 13.80 and a beta of 2.10. The company’s fifty day moving average is C$5.94 and its 200 day moving average is C$6.25.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter, topping the consensus estimate 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. Sell-side analysts forecast that Kelt Exploration will post 0.4800307 EPS for the current year.

Insider Activity

In other news, Senior Officer Alan G. Franks sold 15,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. In related news, Senior Officer Bruce Douglas Gigg sold 27,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$6.09, for a total value of C$164,430.00. Also, Senior Officer Alan G. Franks sold 15,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$5.92, for a total transaction of C$88,800.00. Over the last 90 days, insiders have sold 115,226 shares of company stock worth $696,932. Company insiders own 15.94% of the company’s stock.

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 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.