Scotiabank Forecasts Strong Price Appreciation for Kelt Exploration (TSE:KEL) Stock

Kelt Exploration (TSE:KEL) had its target price boosted by Scotiabank from C$10.50 to C$11.50 in a research note published on Friday morning,BayStreet.CA reports.

A number of other research firms have also recently commented on KEL. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares boosted their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$9.50.

Kelt Exploration Stock Up 2.5 %

KEL stock opened at C$7.28 on Friday. Kelt Exploration has a twelve month low of C$5.01 and a twelve month high of C$7.59. 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 has a market cap of C$1.42 billion, a P/E ratio of 22.06 and a beta of 1.93. The business’s 50-day moving average price is C$6.76 and its 200-day moving average price is C$6.40.

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. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The firm had revenue of C$107.88 million for the quarter. On average, equities research analysts forecast that Kelt Exploration will post 0.5224359 EPS for the current year.

Insiders Place Their Bets

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 10,000 shares of Kelt Exploration stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of C$7.22, for a total value of C$72,243.00. Also, Director David John Wilson acquired 656,900 shares of Kelt Exploration stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Insiders have sold a total of 118,270 shares of company stock valued at $857,600 in the last quarter. 15.87% of the stock is currently 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.