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

Shares of Kelt Exploration Ltd. (TSE:KEL) have been given an average recommendation of “Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$8.64.

Several brokerages have weighed in on KEL. ATB Capital dropped their price target on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. BMO Capital Markets set a C$8.50 price objective on Kelt Exploration and gave the company an “outperform” rating in a research note on Tuesday, April 9th. National Bankshares lifted 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 Kelt Exploration from a “hold” rating to a “buy” rating and upped their price objective for the company from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. Finally, Raymond James reduced their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th.

Insider Buying and Selling at Kelt Exploration

In other news, Senior Officer Alan G. Franks sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$5.92, for a total value of C$88,800.00. In other Kelt Exploration news, Senior Officer Alan G. Franks sold 15,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$5.92, for a total value of C$88,800.00. Also, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$241,200.00. Insiders have sold 115,226 shares of company stock worth $696,932 over the last quarter. 15.94% of the stock is owned by corporate insiders.

Kelt Exploration Stock Down 0.7 %

Shares of TSE:KEL opened at C$6.08 on Thursday. Kelt Exploration has a fifty-two week low of C$4.88 and a fifty-two week high of C$8.16. The firm’s 50 day moving average price is C$6.09 and its 200 day moving average price is C$6.16. The company has a quick ratio of 0.61, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of 13.82 and a beta of 2.10.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.02. The company had revenue of C$129.00 million for the quarter. Kelt Exploration had a net margin of 19.70% and a return on equity of 9.03%. As a group, equities research analysts predict that Kelt Exploration will post 0.4800307 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.