Kelt Exploration (TSE:KEL) Sets New 1-Year High – Should You Buy?

Kelt Exploration Ltd. (TSE:KEL) reached a new 52-week high on Monday . The stock traded as high as C$7.35 and last traded at C$7.35, with a volume of 45129 shares. The stock had previously closed at C$7.10.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. National Bankshares raised their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets increased their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, Scotiabank upped their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kelt Exploration has an average rating of “Buy” and an average price target of C$9.06.

Kelt Exploration Price Performance

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 company’s 50-day moving average price is C$6.61 and its 200-day moving average price is C$6.32. The company has a market cap of C$1.42 billion, a P/E ratio of 22.00 and a beta of 1.93.

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

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Director David John Wilson acquired 656,900 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of C$6.05 per share, for a total transaction of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total transaction of C$69,000.00. In the last 90 days, insiders sold 43,270 shares of company stock worth $299,207. 15.87% of the stock is owned by insiders.

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.