Kelt Exploration (TSE:KEL) Given New C$9.00 Price Target at National Bankshares

Kelt Exploration (TSE:KEL) had its price target increased by National Bankshares from C$8.75 to C$9.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Scotiabank upped 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration currently has a consensus rating of “Buy” and an average target price of C$9.06.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$6.24 on Thursday. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 18.91 and a beta of 1.93. Kelt Exploration has a 1-year low of C$5.01 and a 1-year high of C$7.20. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The stock’s fifty day simple moving average is C$6.54 and its 200-day simple moving average is C$6.27.

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. The firm had revenue of C$107.88 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. On average, sell-side analysts predict that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Director William Charles Guinan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total transaction of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00. Insiders have sold a total of 43,270 shares of company stock worth $299,207 in the last 90 days. 15.87% of the stock is owned by insiders.

About Kelt Exploration

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.