Kelt Exploration (TSE:KEL – Free Report) had its target price lifted by CIBC from C$10.00 to C$11.50 in a research report report published on Friday morning,BayStreet.CA reports.
Several other equities research analysts have also recently issued reports on KEL. National Bankshares raised their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Scotiabank raised their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday. Finally, BMO Capital Markets raised their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$9.50.
Read Our Latest Analysis on Kelt Exploration
Kelt Exploration Stock Up 2.5 %
Kelt Exploration (TSE:KEL – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The company 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%. Equities research analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current year.
Insider Buying and Selling at Kelt Exploration
In related news, Director William Charles Guinan sold 10,000 shares of Kelt Exploration stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$6.80, for a total transaction of C$124,440.00. Insiders have sold a total of 118,270 shares of company stock valued at $857,600 in the last three months. 15.87% of the stock is currently owned by company 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.
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