Kelt Exploration (TSE:KEL) price target lowered to C$10.00 at CIBC

Kelt Exploration (TSE:KEL – Get a Rating) saw its target price lowered by CIBC analysts from C$12.00 to C$10.00 in a research report released Wednesday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 90.84% ​​from the stock’s previous close.

A number of other stock analysts have also recently commented on the company. BMO Capital Markets raised its target price on Kelt Exploration from C$9.00 to C$10.00 in a Friday, May 6 report. Stifel Nicolaus lowered his price target on Kelt Exploration from CA$8.50 to CA$8.00 in a report on Monday. 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 report. National Bankshares cut its price target on Kelt Exploration from CA$10.00 to CA$8.50 in a Thursday, April 14 report. Finally, Cormark raised its price target on Kelt Exploration from CA$8.00 to CA$9.00 and gave the stock an “outperform” rating in a Monday, April 18 report. Five investment analysts have rated the stock with a buy rating. According to data from MarketBeat, Kelt Exploration currently has an average rating of “Buy” and a consensus price target of CA$8.30.

TSE:KEL opened at C$5.24 on Wednesday. The company has a market capitalization of C$997.17 million and a PE ratio of 8.03. Kelt Exploration has a fifty-two week low of C$2.71 and a fifty-two week high of C$8.32. The company has a debt ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.52. The company has a 50-day moving average price of CA$6.59 and a 200-day moving average price of CA$6.15.

Kelt Exploration (TSE:KEL – Get Rating) last released its quarterly earnings data on Thursday, May 5. The oil and gas exploration company reported earnings per share of C$0.06 for the quarter, missing analysts’ consensus estimates of C$0.18 by C$0.12. The company had revenue of C$138.45 million in the quarter. Research analysts predict that Kelt Exploration will post EPS of 1.01 for the current year.

In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico sold 40,167 shares of the company in a trade dated Friday, May 27. The stock was sold at an average price of CA$7.11, for a total value of CA$285,587.37. Following the transaction, the insider now directly owns 505,439 shares of the company, valued at C$3,593,671.29. Additionally, director David John Wilson purchased 283,600 shares of the company in a transaction on Friday, June 17. The shares were purchased at an average cost of CA$6.39 per share, for a total transaction of CA$1,812,204.00. Following completion of the transaction, the administrator now directly owns 19,030,740 shares of the company, valued at approximately C$121,606,428.60. Insiders sold 155,167 shares of the company worth $1,183,363 in the past ninety days.

About Kelt Exploration (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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