Kelt Exploration Ltd. (TSE:KEL) Stock Has Consensus Target Price of C$11.68 According to Brokerages

Kelt Exploration Ltd. (TSE:KEL) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$11.68.

KEL has been the subject of several analyst reports. Scotia set a C$13.00 target price on Kelt Exploration and gave the stock a “sector outperform” rating in a research report on Wednesday, June 24th. National Bank Financial set a C$13.25 price target on Kelt Exploration and gave the company an “outperform” rating in a research note on Wednesday, September 30th.

Insider Transactions at Kelt Exploration

In related news, insider Patrick William George Miles sold 26,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the completion of the transaction, the insider owned 911,855 shares in the company, valued at approximately C$8,680,859.60. The trade was a 2.84% decrease in their ownership of the stock. Corporate insiders own 15.87% of the company’s stock.

Kelt Exploration Stock Down 3.0%

Shares of Kelt Exploration stock opened at C$11.47 on Wednesday. The business has a fifty day simple moving average of C$10.59 and a 200 day simple moving average of C$9.81. The stock has a market cap of C$2.33 billion, a PE ratio of 42.48 and a beta of -0.10. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 15.69. Kelt Exploration has a 12 month low of C$5.96 and a 12 month high of C$11.94.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share for the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%. The firm had revenue of C$193.42 million for the quarter. Research analysts predict that Kelt Exploration will post 0.52 EPS for the current year.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.