Kelt Exploration Ltd. (TSE:KEL) Receives C$9.64 Average Price Target from Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$9.64.

A number of equities research analysts have recently weighed in on the stock. CIBC lifted their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. National Bankshares upped their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Scotiabank raised their target price on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Finally, BMO Capital Markets increased their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th.

Kelt Exploration Stock Performance

TSE:KEL opened at C$6.61 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. The firm’s fifty day simple moving average is C$6.90 and its 200 day simple moving average is C$6.53. The stock has a market cap of C$1.31 billion, a P/E ratio of 23.43 and a beta of 1.93. Kelt Exploration has a twelve month low of C$5.38 and a twelve month high of C$7.59.

Insider Transactions at Kelt Exploration

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total value of C$73,430.50. Also, Senior Officer Patrick William George Miles sold 48,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total value of C$352,876.80. Insiders sold a total of 147,970 shares of company stock valued at $1,086,036 in the last quarter. 15.87% of the stock is owned by insiders.

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.