Kelt Exploration Ltd. (TSE:KEL) Receives Average Rating of “Buy” from Brokerages

Kelt Exploration Ltd. (TSE:KEL) has received an average rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$11.42.

Separately, Scotia set a C$13.00 price target on shares of Kelt Exploration and gave the stock a “sector outperform” rating in a research note on Wednesday, June 24th.

Insider Activity

In other Kelt Exploration news, insider Alan G. Franks sold 85,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$10.17, for a total transaction of C$864,450.00. Following the completion of the sale, the insider owned 19,158 shares in the company, valued at C$194,836.86. The trade was a 81.61% decrease in their ownership of the stock. Also, insider Patrick William George Miles sold 26,683 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the sale, the insider owned 911,855 shares in the company, valued at approximately C$8,680,859.60. This trade represents a 2.84% decrease in their position. 15.87% of the stock is currently owned by insiders.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$10.60 on Tuesday. The company has a market cap of C$2.15 billion, a P/E ratio of 39.26 and a beta of -0.24. The company has a debt-to-equity ratio of 15.69, a quick ratio of 0.61 and a current ratio of 0.64. Kelt Exploration has a one year low of C$5.96 and a one year high of C$11.00. The business’s 50-day simple moving average is C$9.62 and its 200 day simple moving average is C$9.32.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 EPS for the quarter. The firm had revenue of C$193.42 million for the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%. On average, sell-side analysts forecast that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.