Kelt Exploration (TSE:KEL) Given New C$9.00 Price Target at BMO Capital Markets

Kelt Exploration (TSE:KEL) had its target price raised by equities research analysts at BMO Capital Markets from C$8.50 to C$9.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 36.57% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. National Bankshares reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank upped their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$9.03.

Kelt Exploration Price Performance

KEL traded down C$0.06 on Friday, reaching C$6.59. The company had a trading volume of 307,505 shares, compared to its average volume of 306,813. The business has a 50 day simple moving average of C$6.57 and a 200 day simple moving average of C$6.26. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 19.97 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a 52-week low of C$5.01 and a 52-week high of C$7.20.

Kelt Exploration (TSE:KEL) last announced its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, sell-side analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Activity at Kelt Exploration

In other news, Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00. Over the last quarter, insiders have sold 43,270 shares of company stock worth $299,207. 15.87% of the stock is owned by company insiders.

Kelt Exploration Company Profile

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.