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

Shares of Kelt Exploration Ltd. (TSE:KEL) have been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$8.69.

Several equities analysts recently weighed in on KEL shares. BMO Capital Markets set a C$8.50 target price on Kelt Exploration and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. CIBC raised their target price on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. TD Securities upgraded shares of Kelt Exploration from a “hold” rating to a “buy” rating and boosted their target price for the company from C$7.50 to C$8.00 in a report on Wednesday, March 20th. Cormark increased their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, May 10th. Finally, ATB Capital lowered their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Wednesday, March 20th.

Insider Activity at Kelt Exploration

In related news, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$6.32, for a total value of C$31,603.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$6.32, for a total value of C$31,603.00. Also, Senior Officer Bruce Douglas Gigg sold 7,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$6.20, for a total transaction of C$43,400.00. In the last 90 days, insiders have sold 64,000 shares of company stock worth $392,163. 15.87% of the stock is currently owned by corporate insiders.

Kelt Exploration Stock Performance

TSE:KEL opened at C$6.45 on Friday. Kelt Exploration has a 1-year low of C$5.01 and a 1-year high of C$8.16. The firm has a 50 day simple moving average of C$6.09 and a 200-day simple moving average of C$5.91. The firm has a market cap of C$1.26 billion, a PE ratio of 15.36 and a beta of 2.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. The business had revenue of C$126.39 million during the quarter. On average, equities analysts expect that Kelt Exploration will post 0.4507257 EPS for the current year.

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.