National Bankshares Issues Positive Forecast for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its price target raised by stock analysts at National Bankshares from C$8.75 to C$9.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ target price suggests a potential upside of 44.23% from the company’s current price.

A number of other equities research analysts have also recently issued reports on KEL. Scotiabank boosted their price objective on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$9.06.

Kelt Exploration Trading Up 1.0 %

Shares of Kelt Exploration stock opened at C$6.24 on Thursday. The stock has a market cap of C$1.22 billion, a P/E ratio of 18.91 and a beta of 1.93. Kelt Exploration has a 12-month low of C$5.01 and a 12-month high of C$7.20. The business’s 50 day moving average is C$6.54 and its 200-day moving average is C$6.27. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

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

Insider Buying and Selling at Kelt Exploration

In related news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total transaction of C$73,430.50. Also, Director David John Wilson acquired 656,900 shares of Kelt Exploration stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of C$6.05 per share, for a total transaction of C$3,974,245.00. Insiders have sold a total of 43,270 shares of company stock worth $299,207 over the last 90 days. Insiders own 15.87% of the company’s stock.

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.