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

Kelt Exploration Ltd. (TSE:KEL) has been given a consensus rating of “Buy” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$8.97.

KEL has been the topic of a number of research reports. Scotiabank raised their target price on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. National Bankshares dropped their price objective on Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th.

Insider Activity

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the 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. Also, 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 transaction of C$69,000.00. In the last quarter, insiders sold 43,270 shares of company stock worth $299,207. 15.87% of the stock is currently owned by corporate insiders.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at C$6.93 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average is C$6.47 and its two-hundred day moving average is C$6.20. Kelt Exploration has a 52 week low of C$5.01 and a 52 week high of C$7.30. The company has a market capitalization of C$1.36 billion, a PE ratio of 21.00 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. The firm 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, analysts expect that Kelt Exploration will post 0.5224359 earnings per share 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.