Brokerages Set Kelt Exploration Ltd. (TSE:KEL) Price Target at C$9.64

Kelt Exploration Ltd. (TSE:KEL) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$9.64.

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

Kelt Exploration Stock Performance

Shares of TSE KEL opened at C$6.05 on Wednesday. The company has a market cap of C$1.20 billion, a P/E ratio of 21.44 and a beta of 1.93. Kelt Exploration has a 52-week low of C$5.45 and a 52-week high of C$7.59. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The firm’s fifty day moving average is C$6.84 and its two-hundred day moving average is C$6.58.

Insider Transactions at Kelt Exploration

In related news, Senior Officer Patrick William George Miles sold 48,000 shares of Kelt Exploration stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$7.35, for a total value of C$352,876.80. Also, Senior Officer Douglas Owen Macarthur sold 10,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$7.22, for a total transaction of C$72,243.00. Over the last ninety days, insiders have sold 123,000 shares of company stock worth $911,270. 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.