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

Shares of Kelt Exploration Ltd. (TSE:KEL) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is C$11.68.

A number of equities analysts recently commented on the stock. National Bank Financial set a C$13.25 price objective on shares of Kelt Exploration and gave the stock an “outperform” rating in a research note on Wednesday. Scotia set a C$13.00 target price on Kelt Exploration and gave the company a “sector outperform” rating in a report on Wednesday, June 24th.

Kelt Exploration Price Performance

KEL stock opened at C$10.38 on Friday. Kelt Exploration has a one year low of C$5.96 and a one year high of C$11.35. The firm has a 50-day moving average of C$10.23 and a two-hundred day moving average of C$9.64. The firm has a market capitalization of C$2.11 billion, a PE ratio of 38.44 and a beta of -0.16. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 15.69.

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

Insiders Place Their Bets

In related news, 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 value of C$254,022.16. Following the completion of the sale, the insider directly owned 911,855 shares of the company’s stock, valued at approximately C$8,680,859.60. This represents a 2.84% decrease in their position. Insiders own 15.87% of the company’s stock.

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.