Kelt Exploration (TSE:KEL) PT Raised to C$8.50

Kelt Exploration (TSE:KEL) had its price target increased by CIBC from C$8.00 to C$8.50 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

KEL has been the subject of several other research reports. National Bankshares raised their target price on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an outperform rating in a research note on Friday, April 19th. Raymond James decreased their target price on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a research note on Friday, January 19th. TD Securities upgraded Kelt Exploration from a hold rating to a buy rating and increased their price target for the stock from C$7.50 to C$8.00 in a report on Wednesday, March 20th. BMO Capital Markets set a C$8.50 price target on Kelt Exploration and gave the stock an outperform rating in a report on Tuesday, April 9th. Finally, ATB Capital cut their price target on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating on the stock in a report on Wednesday, March 20th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of C$8.64.

Kelt Exploration Trading Up 0.6 %

Shares of KEL stock opened at C$6.31 on Monday. The stock has a 50-day moving average of C$6.00 and a 200-day moving average of C$6.23. Kelt Exploration has a 1-year low of C$4.56 and a 1-year high of C$8.16. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 14.34 and a beta of 2.10. The company has a current ratio of 0.83, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14.

Kelt Exploration (TSE:KEL) last released its earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.02. Kelt Exploration had a return on equity of 9.03% and a net margin of 19.70%. The business had revenue of C$129.00 million during the quarter. On average, equities research analysts forecast that Kelt Exploration will post 0.4800307 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. In other news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. Also, 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. Insiders have sold 115,226 shares of company stock worth $696,932 over the last 90 days. 15.94% of the stock is currently owned by corporate insiders.

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.