Kelt Exploration (TSE:KEL) PT Set at C$9.50 by Raymond James

Kelt Exploration (TSE:KEL) has been assigned a C$9.50 price target by equities researchers at Raymond James in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James’ price objective points to a potential upside of 67.55% from the stock’s current price.

KEL has been the topic of several other research reports. Scotiabank raised their price objective on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. National Bankshares boosted their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, CIBC raised their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th.

Kelt Exploration Trading Up 8.6 %

TSE KEL opened at C$5.67 on Tuesday. The firm’s fifty day moving average price is C$6.41 and its 200 day moving average price is C$6.60. Kelt Exploration has a 12 month low of C$4.90 and a 12 month high of C$7.59. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 20.10 and a beta of 1.93.

Insider Buying and Selling

In related news, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total transaction of C$98,752.50. Also, Senior Officer Patrick William George Miles sold 48,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total transaction of C$352,876.80. Insiders have sold a total of 188,856 shares of company stock valued at $1,301,488 over 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.