Kelt Exploration (TSE:KEL) PT Raised to C$8.50

Kelt Exploration (TSE:KEL) had its price objective upped by CIBC from C$8.00 to C$8.50 in a research note published on Monday, BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

Other research analysts have also issued reports about the stock. Raymond James cut their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a research report on Friday, January 19th. TD Securities raised shares of Kelt Exploration from a hold rating to a buy rating and boosted their price target for the stock from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. ATB Capital lowered their price target on shares of Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a research note on Wednesday, March 20th. National Bankshares boosted their price target on shares of Kelt Exploration from C$7.50 to C$9.00 and gave the stock an outperform rating in a research note on Friday, April 19th. Finally, BMO Capital Markets set a C$8.50 price target on shares of Kelt Exploration and gave the stock an outperform rating in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$8.64.

Kelt Exploration Stock Up 0.6 %

KEL opened at C$6.31 on Monday. The company has a fifty day moving average price of C$6.00 and a 200-day moving average price of C$6.23. The firm has a market capitalization of C$1.23 billion, a P/E ratio of 14.34 and a beta of 2.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.61. Kelt Exploration has a one year low of C$4.56 and a one year high of C$8.16.

Kelt Exploration (TSE:KEL) last announced its earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.02. Kelt Exploration had a net margin of 19.70% and a return on equity of 9.03%. The company had revenue of C$129.00 million during the quarter. Equities research analysts expect that Kelt Exploration will post 0.4800307 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Alan G. Franks sold 15,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. In related news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total transaction of C$241,200.00. Also, Senior Officer Alan G. Franks sold 15,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. Over the last ninety days, insiders sold 115,226 shares of company stock valued at $696,932. Insiders own 15.94% 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.