Kelt Exploration (TSE:KEL) Price Target Raised to C$10.50

Kelt Exploration (TSE:KEL) had its price target lifted by Scotiabank from C$10.00 to C$10.50 in a report released on Wednesday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the oil and gas exploration company’s stock.

A number of other equities analysts have also weighed in on KEL. National Bankshares lowered their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. CIBC lifted their target price on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$8.97.

Kelt Exploration Price Performance

Shares of TSE:KEL opened at C$6.28 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a one year low of C$5.01 and a one year high of C$8.16. The company has a 50-day simple moving average of C$6.24 and a 200-day simple moving average of C$6.13. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 19.03 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share 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$109.09 million during the quarter. On average, analysts predict that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. Corporate 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.