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

Kelt Exploration (TSE:KEL) had its price objective boosted by National Bankshares from C$8.75 to C$9.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

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

Kelt Exploration Price Performance

KEL opened at C$6.18 on Thursday. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$7.20. The company’s 50 day simple moving average is C$6.55 and its 200 day simple moving average is C$6.27. The stock has a market capitalization of C$1.21 billion, a PE ratio of 18.73 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50.

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

Insider Buying and Selling

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. Also, Director David John Wilson acquired 656,900 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of C$6.05 per share, with a total value of C$3,974,245.00. In the last three months, insiders sold 43,270 shares of company stock valued at $299,207. Company insiders own 15.87% 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.