Kelt Exploration (TSE:KEL) Price Target Increased to C$10.50 by Analysts at Scotiabank

Kelt Exploration (TSE:KEL) had its target price upped by Scotiabank from C$10.00 to C$10.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

Several other equities research analysts have also recently commented on the stock. CIBC boosted their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 in a research report on Monday, July 15th. National Bankshares cut their price target on Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$8.97.

Kelt Exploration Trading Down 1.7 %

TSE KEL opened at C$6.34 on Wednesday. Kelt Exploration has a one year low of C$5.01 and a one year high of C$8.16. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The firm has a market cap of C$1.24 billion, a P/E ratio of 19.30 and a beta of 1.93. The stock’s 50-day moving average is C$6.20 and its 200-day moving average is C$6.13.

Kelt Exploration (TSE:KEL) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million for the quarter. Sell-side analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Transactions at Kelt Exploration

In related news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of Kelt Exploration stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. In related news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. Also, Director Michael Shea sold 15,000 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total transaction of C$91,200.00. Company insiders own 15.87% of the company’s stock.

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.