Analysts Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$9.06

Kelt Exploration Ltd. (TSE:KEL) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$9.06.

KEL has been the subject of several analyst reports. BMO Capital Markets boosted their target price on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. National Bankshares upped their target price on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Scotiabank lifted their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th.

Kelt Exploration Trading Up 1.7 %

Shares of KEL stock opened at C$6.64 on Friday. Kelt Exploration has a 1-year low of C$5.01 and a 1-year high of C$7.20. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The company has a 50-day moving average of C$6.53 and a two-hundred day moving average of C$6.29. The firm has a market cap of C$1.30 billion, a PE ratio of 20.12 and a beta of 1.93.

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

Insider Buying and Selling at Kelt Exploration

In other news, Director David John Wilson bought 656,900 shares of Kelt Exploration stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of C$6.05 per share, with a total value of C$3,974,245.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00. Insiders have sold 43,270 shares of company stock worth $299,207 over the last three months. 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.