Kelt Exploration (TSE:KEL) PT Set at C$12.50 by Ventum Financial

Kelt Exploration (TSE:KEL) received a C$12.50 price objective from research analysts at Ventum Financial in a report released on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Ventum Financial’s price objective points to a potential upside of 33.69% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Royal Bank Of Canada boosted their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Finally, TD Securities upped their target price on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$10.67.

Kelt Exploration Price Performance

KEL opened at C$9.35 on Tuesday. The business has a fifty day moving average of C$8.44 and a 200 day moving average of C$7.61. Kelt Exploration has a 52-week low of C$4.90 and a 52-week high of C$9.62. The company has a quick ratio of 0.61, a current ratio of 1.00 and a debt-to-equity ratio of 15.87. The stock has a market cap of C$1.88 billion, a P/E ratio of 30.16 and a beta of -0.16.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. Kelt Exploration had a return on equity of 5.65% and a net margin of 12.56%.The business had revenue of C$132.64 million for the quarter. As a group, sell-side analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current year.

Insiders Place Their Bets

In other news, insider Patrick William George Miles sold 94,300 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$8.03, for a total value of C$757,229.00. Following the completion of the sale, the insider owned 911,855 shares of the company’s stock, valued at approximately C$7,322,195.65. This represents a 9.37% decrease in their position. Also, insider Bruce Douglas Gigg sold 80,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$8.09, for a total transaction of C$647,200.00. Following the transaction, the insider owned 224,574 shares in the company, valued at approximately C$1,816,803.66. This represents a 26.27% decrease in their ownership of the stock. Insiders have sold a total of 224,500 shares of company stock worth $1,808,529 in the last three months. Corporate 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.