Analysts Set Kelt Exploration Ltd. Price Target (TSE:KEL) at CA$8.53


Kelt Exploration Ltd. (TSE:KEL – Get Rating) has been awarded a consensus recommendation of “Buy” by the ten research firms that currently cover the company, reports MarketBeat. Five research analysts rated the stock with a buy rating. The 1-year average target price among brokers who have quoted the stock over the past year is C$8.53.

A number of brokerages have commented on KEL. Raymond James set a price target of C$8.00 on Kelt Exploration and gave the stock an “outperform” rating in a Friday, May 6 research note. Stifel Nicolaus raised his price target on Kelt Exploration from C$7.75 to C$9.75 in a Friday, May 6 research report. National Bankshares cut its price target on Kelt Exploration from CA$10.00 to CA$8.50 in a Thursday, April 14 research report. BMO Capital Markets raised its price target on Kelt Exploration from C$9.00 to C$10.00 in a Friday, May 6 research report. Finally, Scotiabank raised its price target on Kelt Exploration from C$8.00 to C$10.00 in a Tuesday, March 8 research report.

Kelt Exploration shares opened at C$6.12 on Wednesday. The company has a debt ratio of 0.12, a current ratio of 0.52 and a quick ratio of 0.51. The company’s 50-day simple moving average is C$6.74 and its 200-day simple moving average is C$6.08. The stock has a market capitalization of C$1.16 billion and a P/E ratio of 9.87. Kelt Exploration has a 1-year low of C$2.71 and a 1-year high of C$8.32.

Kelt Exploration (TSE:KEL – Get Rating) last announced its quarterly results on Thursday, May 5. The oil and gas exploration company reported EPS of C$0.06 for the quarter, missing analyst consensus estimates of C$0.18 by C$0.12. The company recorded revenue of C$138.45 million during the quarter. Sell-side analysts expect Kelt Exploration to post earnings per share of 0.77 for the current fiscal year.

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 25,000 shares of Kelt Exploration in a trade on Wednesday, April 13. The stock was sold at an average price of CA$7.10, for a total transaction of CA$177,500.00. Following the completion of the transaction, the insider now owns 189,368 shares of the company, valued at C$1,344,512.80. Additionally, director William Charles Guinan sold 20,000 shares of Kelt Exploration in a trade on Wednesday, April 13. The shares were sold at an average price of CA$7.23, for a total value of CA$144,660.00. As a result of the transaction, the administrator now owns 1,154,459 shares of the company, valued at approximately C$8,350,201.95. Insiders sold 200,167 shares of the company worth $1,505,523 in the past 90 days.

Kelt Exploration Company Profile (Get a rating)

Kelt Exploration Ltd., an oil and gas company, is engaged 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 production of crude oil, natural gas and natural gas liquids primarily to third party marketing companies.

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