Kelt Exploration Ltd. (TSE:KEL) Receives C$9.00 Consensus PT from Brokerages

Shares of Kelt Exploration Ltd. (TSE:KEL) have been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$9.00.

A number of analysts have commented on the stock. Cormark upped their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, May 10th. Scotiabank upped their price target on shares of Kelt Exploration from C$9.50 to C$10.00 in a research report on Friday, July 12th. Finally, CIBC upped their price target on shares of Kelt Exploration from C$8.50 to C$10.00 in a research report on Monday, July 15th.

Insider Transactions at Kelt Exploration

In other news, Senior Officer David A. Gillis sold 14,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$5.94, for a total transaction of C$83,160.00. In related news, Senior Officer David A. Gillis sold 14,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$5.94, for a total value of C$83,160.00. Also, Director Michael Shea sold 15,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$6.08, for a total transaction of C$91,200.00. Insiders have sold 79,000 shares of company stock valued at $483,363 in the last 90 days. 15.85% of the stock is currently owned by corporate insiders.

Kelt Exploration Stock Performance

TSE KEL opened at C$6.14 on Friday. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 18.61 and a beta of 1.97. Kelt Exploration has a twelve month low of C$5.01 and a twelve month high of C$8.16. The stock has a fifty day simple moving average of C$6.05 and a 200 day simple moving average of C$5.99. The company has a quick ratio of 0.61, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.

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.