Analysts Set Kelt Exploration Ltd. (TSE:KEL) PT at C$9.64

Kelt Exploration Ltd. (TSE:KEL) has been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$9.64.

A number of analysts have commented on KEL shares. National Bankshares lifted their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Scotiabank lifted their price objective on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. CIBC boosted their target price on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Finally, BMO Capital Markets raised their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th.

Insider Buying and Selling at Kelt Exploration

In related news, Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$7.52, for a total value of C$75,200.00. Also, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$6.88, for a total value of C$32,336.00. Over the last 90 days, insiders have sold 166,270 shares of company stock valued at $1,210,476. 15.87% of the stock is owned by company insiders.

Kelt Exploration Price Performance

Shares of KEL opened at C$6.75 on Friday. Kelt Exploration has a twelve month low of C$5.27 and a twelve month high of C$7.59. The company has a market capitalization of C$1.32 billion, a P/E ratio of 20.45 and a beta of 1.93. The firm has a 50 day moving average of C$6.89 and a 200 day moving average of C$6.52. 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 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.