Kelt Exploration (TSE:KEL) Given New C$8.75 Price Target at National Bankshares

Kelt Exploration (TSE:KEL) had its price target decreased by National Bankshares from C$9.00 to C$8.75 in a research note issued to investors on Friday, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price target on Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. CIBC increased their target price on Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration currently has a consensus rating of Buy and an average price target of C$8.97.

Kelt Exploration Price Performance

TSE:KEL opened at C$6.26 on Friday. The business has a 50 day simple moving average of C$6.06 and a 200-day simple moving average of C$6.08. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$8.16. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 18.97 and a beta of 1.95. 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 released its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million during the quarter. Equities analysts forecast that Kelt Exploration will post 0.4879808 EPS for the current year.

Insider Buying and Selling at Kelt Exploration

In other news, Director Michael Shea sold 15,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total transaction of C$91,200.00. In other news, Director Michael Shea sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. Also, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. 15.87% of the stock is currently owned by corporate 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.