Kelt Exploration (TSE:KEL – Get Free Report) had its price target lowered by equities researchers at National Bankshares from C$9.00 to C$8.75 in a research report issued on Friday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 42.28% from the stock’s previous close.
A number of other brokerages have also issued reports on KEL. Scotiabank raised their price target on Kelt Exploration from C$9.50 to C$10.00 in a research note on Friday, July 12th. CIBC increased their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$8.97.
View Our Latest Stock Report on Kelt Exploration
Kelt Exploration Trading Up 1.5 %
Kelt Exploration (TSE:KEL – Get Free Report) last released its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million during the quarter. Equities research analysts expect that Kelt Exploration will post 0.4879808 earnings per share for the current fiscal year.
Insider Transactions at Kelt Exploration
In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. In related news, Director Michael Shea sold 15,000 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of C$6.08, for a total transaction of C$91,200.00. Also, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. Company 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.
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