Kelt Exploration (TSE:KEL) Stock Price Target Raised at Royal Bank Of Canada

Kelt Exploration (TSE:KEL) had its price target boosted by stock analysts at Royal Bank Of Canada from C$11.00 to C$13.00 in a report released on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 11.97% from the stock’s current price.

Other analysts also recently issued reports about the stock. National Bank Financial set a C$13.25 price objective on shares of Kelt Exploration and gave the company an “outperform” rating in a report on Wednesday, September 30th. Scotia set a C$13.00 price objective on shares of Kelt Exploration and gave the stock a “sector outperform” rating in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$11.96.

Kelt Exploration Stock Up 1.2%

TSE KEL traded up C$0.14 during trading on Wednesday, hitting C$11.61. The stock had a trading volume of 448,431 shares, compared to its average volume of 640,015. The company has a market capitalization of C$2.36 billion, a PE ratio of 43.00 and a beta of -0.10. The company’s 50-day moving average price is C$10.59 and its two-hundred day moving average price is C$9.81. 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 12 month low of C$6.07 and a 12 month high of C$11.94.

Kelt Exploration (TSE:KEL) last released its quarterly 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 return on equity of 4.95% and a net margin of 9.66%. The firm had revenue of C$193.42 million during the quarter. As a group, sell-side analysts forecast that Kelt Exploration will post 0.52 EPS for the current year.

Insider Transactions at Kelt Exploration

In related news, insider Patrick William George Miles sold 26,683 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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 ownership of the stock. Insiders own 15.87% of the company’s stock.

Kelt Exploration Company Profile

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.