Kelt Exploration Ltd (TSE:KEL) – Stock analysts at Clarus Securities reduced their FY2018 earnings estimates for Kelt Exploration in a research note issued to investors on Thursday. Clarus Securities analyst D. Choi now expects that the oil and gas exploration company will earn ($0.10) per share for the year, down from their prior estimate of ($0.07).
Other research analysts have also recently issued research reports about the stock. Eight Capital raised their target price on shares of Kelt Exploration from C$9.75 to C$10.75 in a report on Friday, February 9th. CIBC raised their target price on shares of Kelt Exploration from C$9.00 to C$10.00 in a report on Tuesday, January 23rd. TD Securities raised their target price on shares of Kelt Exploration from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, National Bank Financial raised their target price on shares of Kelt Exploration from C$10.00 to C$10.25 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Kelt Exploration currently has a consensus rating of “Buy” and a consensus price target of C$9.53.
In other Kelt Exploration news, insider David John Wilson purchased 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of C$6.70 per share, with a total value of C$502,500.00. Also, insider Douglas Owen Macarthur sold 25,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of C$7.72, for a total value of C$193,000.00.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3261390/fy2018-eps-estimates-for-kelt-exploration-ltd-decreased-by-analyst-kel.html.
About Kelt Exploration
Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.
Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.