Kelt Exploration (TSE:KEL) Given New C$9.00 Price Target at National Bankshares

Kelt Exploration (TSE:KEL) had its price target upped by equities research analysts at National Bankshares from C$8.75 to C$9.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ target price would suggest a potential upside of 45.87% from the company’s previous close.

A number of other brokerages have also recently weighed in on KEL. Scotiabank lifted their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. BMO Capital Markets upped their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$9.06.

Kelt Exploration Trading Up 0.3 %

TSE:KEL traded up C$0.02 during trading hours on Thursday, reaching C$6.17. 170,935 shares of the company were exchanged, compared to its average volume of 309,182. Kelt Exploration has a 52-week low of C$5.01 and a 52-week high of C$7.20. The stock has a 50 day simple moving average of C$6.55 and a 200 day simple moving average of C$6.27. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of 18.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$107.88 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, analysts predict that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total transaction of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00. Over the last 90 days, insiders sold 43,270 shares of company stock valued at $299,207. Insiders own 15.87% 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.