BMO Capital Markets Issues Positive Forecast for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its target price raised by BMO Capital Markets from C$8.50 to C$9.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently commented on KEL. Scotiabank raised their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. National Bankshares decreased their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Kelt Exploration presently has a consensus rating of “Buy” and an average price target of C$9.03.

Kelt Exploration Price Performance

Shares of TSE:KEL opened at C$6.58 on Friday. The business has a 50 day moving average price of C$6.57 and a 200 day moving average price of C$6.27. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 19.94 and a beta of 1.93. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. Kelt Exploration has a twelve month low of C$5.01 and a twelve month high of C$7.20.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The business had revenue of C$107.88 million during the quarter. Research analysts predict that Kelt Exploration will post 0.5224359 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$6.80, for a total value of C$124,440.00. Over the last quarter, insiders have sold 43,270 shares of company stock worth $299,207. 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.