Kelt Exploration (TSE:KEL) Given a C$6.50 Price Target by Stifel Nicolaus Analysts

Kelt Exploration (TSE:KELGet Rating) has been assigned a C$6.50 price target by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 30.52% from the stock’s previous close.

KEL has been the subject of a number of other reports. TD Securities lowered their price target on Kelt Exploration from C$9.00 to C$8.50 and set a “buy” rating for the company in a research report on Friday, November 11th. National Bankshares dropped their price target on shares of Kelt Exploration from C$9.00 to C$8.00 in a research report on Friday, November 11th. BMO Capital Markets reduced their price objective on shares of Kelt Exploration from C$10.00 to C$9.00 in a research report on Friday, November 11th. Raymond James dropped their target price on shares of Kelt Exploration from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Finally, CIBC reduced their target price on Kelt Exploration from C$9.50 to C$9.00 and set an “outperform” rating for the company in a report on Monday, November 14th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$8.56.

Kelt Exploration Stock Up 1.2 %

Shares of TSE KEL opened at C$4.98 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.72 and a quick ratio of 0.61. Kelt Exploration has a 1 year low of C$4.47 and a 1 year high of C$8.32. The stock has a market capitalization of C$956.00 million and a P/E ratio of 6.15. The company has a 50-day moving average price of C$5.20 and a 200-day moving average price of C$5.73.

Kelt Exploration (TSE:KELGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The oil and gas exploration company reported C$0.12 EPS for the quarter. The company had revenue of C$143.25 million for the quarter. On average, equities research analysts forecast that Kelt Exploration will post 0.93 EPS for the current fiscal year.

Insider Activity

In related news, Director Janet Elizabeth Vellutini purchased 7,500 shares of the stock in a transaction that occurred on Tuesday, October 18th. The shares were bought at an average price of C$5.40 per share, with a total value of C$40,509.75. Following the acquisition, the director now owns 27,500 shares of the company’s stock, valued at approximately C$148,535.75. In other news, Director Janet Elizabeth Vellutini purchased 7,500 shares of the business’s stock in a transaction dated Tuesday, October 18th. The stock was bought at an average price of C$5.40 per share, for a total transaction of C$40,509.75. Following the purchase, the director now owns 27,500 shares of the company’s stock, valued at C$148,535.75. Also, Director David John Wilson acquired 57,300 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was purchased at an average price of C$4.65 per share, for a total transaction of C$266,445.00. Following the completion of the purchase, the director now directly owns 19,240,040 shares in the company, valued at approximately C$89,466,186. Insiders purchased 109,800 shares of company stock valued at $529,705 in the last three months.

Kelt Exploration Company Profile

(Get Rating)

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids production primarily to third party marketing companies.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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