Kelt Exploration (TSE:KEL – Get Free Report) had its price objective raised by equities research analysts at National Bankshares from C$7.50 to C$9.00 in a research 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’ target price suggests a potential upside of 48.76% from the company’s previous close.
Several other research analysts have also recently issued reports on KEL. BMO Capital Markets set a C$8.50 target price on Kelt Exploration and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Raymond James cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. CIBC lowered 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 report on Tuesday, January 16th. TD Securities raised shares of Kelt Exploration from a “hold” rating to a “buy” rating and raised 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 reduced their price objective 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 Wednesday, March 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$8.57.
View Our Latest Analysis on KEL
Kelt Exploration Stock Up 1.2 %
Kelt Exploration (TSE:KEL – Get Free Report) last posted its earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.02. The company had revenue of C$129.00 million for the quarter. Kelt Exploration had a net margin of 19.70% and a return on equity of 9.03%. As a group, equities analysts expect that Kelt Exploration will post 0.4800307 earnings per share for the current fiscal year.
Insider Transactions at Kelt Exploration
In related news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Senior Officer Alan G. Franks sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$5.92, for a total transaction of C$88,800.00. Insiders have sold 115,226 shares of company stock worth $696,932 in the last ninety days. Company insiders own 15.94% of the company’s stock.
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.
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