CIBC Boosts Kelt Exploration (TSE:KEL) Price Target to C$8.50

Kelt Exploration (TSE:KEL) had its price target boosted by equities research analysts at CIBC from C$8.00 to C$8.50 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. CIBC’s price objective suggests a potential upside of 32.81% from the stock’s current price.

KEL has been the topic of a number of other research reports. Raymond James decreased their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. ATB Capital decreased their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. National Bankshares raised their target price on shares of Kelt Exploration from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. TD Securities upgraded shares of Kelt Exploration from a “hold” rating to a “buy” rating and raised their target price for the stock from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. Finally, BMO Capital Markets set a C$8.50 target price on shares of Kelt Exploration and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration has an average rating of “Buy” and an average target price of C$8.64.

Kelt Exploration Trading Up 0.5 %

Shares of KEL opened at C$6.40 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.61. The firm has a 50 day simple moving average of C$5.96 and a 200-day simple moving average of C$6.24. Kelt Exploration has a 1-year low of C$4.56 and a 1-year high of C$8.16. The stock has a market cap of C$1.24 billion, a price-to-earnings ratio of 14.55 and a beta of 2.10.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.02. Kelt Exploration had a net margin of 19.70% and a return on equity of 9.03%. The business had revenue of C$129.00 million during the quarter. Equities analysts forecast that Kelt Exploration will post 0.4800307 EPS for the current fiscal year.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of Kelt Exploration stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total value of C$241,200.00. In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico sold 40,000 shares of Kelt Exploration stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total value of C$241,200.00. Also, Senior Officer Bruce Douglas Gigg sold 30,000 shares of Kelt Exploration stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. Insiders have sold a total of 115,226 shares of company stock worth $696,932 in the last quarter. 15.94% of the stock is owned by insiders.

About Kelt Exploration

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.