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

Kelt Exploration Ltd. (TSE:KEL) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is C$9.06.

Several research firms have commented on KEL. National Bankshares boosted their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Scotiabank boosted their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets raised their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th.

Kelt Exploration Price Performance

Kelt Exploration stock opened at C$6.64 on Friday. The stock has a market capitalization of C$1.30 billion, a P/E ratio of 20.12 and a beta of 1.93. The company’s fifty day moving average price is C$6.53 and its 200 day moving average price is C$6.28. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$7.20.

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

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Director William Charles Guinan sold 10,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 4,700 shares of Kelt Exploration stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$6.88, for a total transaction of C$32,336.00. Over the last quarter, insiders sold 43,270 shares of company stock valued at $299,207. 15.87% of the stock is owned by company insiders.

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.