Kelt Exploration Ltd. (TSE:KEL) Receives Average Rating of “Buy” from Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have received an average rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$8.97.

A number of research firms have recently commented on KEL. Scotiabank increased their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a report on Wednesday, October 16th. National Bankshares lowered their price objective on Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th.

Insider Transactions at Kelt Exploration

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

Kelt Exploration Stock Performance

Shares of KEL opened at C$6.93 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The stock has a market cap of C$1.36 billion, a P/E ratio of 21.00 and a beta of 1.93. The business’s 50 day moving average price is C$6.47 and its 200-day moving average price is C$6.20. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.30.

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

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.