Brokers Offer Predictions for Kelt Exploration Ltd’s FY2018 Earnings (KEL)

Share on StockTwits

Kelt Exploration Ltd (TSE:KEL) – Research analysts at Cormark issued their FY2018 EPS estimates for Kelt Exploration in a report released on Monday, January 28th. Cormark analyst G. Ursu expects that the oil and gas exploration company will post earnings of $0.02 per share for the year. Cormark also issued estimates for Kelt Exploration’s Q4 2018 earnings at $0.02 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at ($0.01) EPS and FY2020 earnings at ($0.12) EPS.

Other equities analysts have also issued reports about the company. Royal Bank of Canada decreased their price objective on Kelt Exploration from C$9.00 to C$7.00 in a report on Tuesday, January 8th. GMP Securities decreased their price objective on Kelt Exploration from C$9.25 to C$6.75 in a report on Thursday, December 13th. TD Securities decreased their price objective on Kelt Exploration from C$12.00 to C$9.50 and set a “buy” rating for the company in a report on Monday, November 12th. Eight Capital decreased their price objective on Kelt Exploration from C$11.00 to C$10.50 in a report on Monday, November 12th. Finally, Raymond James reissued a “strong-buy” rating and issued a C$9.50 price objective on shares of Kelt Exploration in a report on Thursday, December 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$9.53.

Shares of KEL stock opened at C$4.51 on Wednesday. Kelt Exploration has a 12-month low of C$3.97 and a 12-month high of C$10.01. The company has a market capitalization of $844.57 million and a P/E ratio of -59.38. The company has a debt-to-equity ratio of 23.89, a current ratio of 0.52 and a quick ratio of 0.48.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Friday, November 9th. The oil and gas exploration company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.04). The company had revenue of C$100.22 million during the quarter, compared to analyst estimates of C$111.40 million.

In other news, insider Sadiq Lalani purchased 15,000 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of C$4.24 per share, with a total value of C$63,600.00. Also, insider David John Wilson purchased 210,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were purchased at an average cost of C$4.73 per share, with a total value of C$993,300.00. Over the last ninety days, insiders have acquired 340,000 shares of company stock valued at $1,555,959.

Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

Read More: How to Trade Using Analysts Ratings

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.



Latest News

Hsbc Holdings PLC Has $6.53 Million Stake in NiSource Inc.
Hsbc Holdings PLC Has $6.53 Million Stake in NiSource Inc.
Equifax Inc.  Position Lifted by Hsbc Holdings PLC
Equifax Inc. Position Lifted by Hsbc Holdings PLC
Orbotech Ltd  Shares Sold by Hsbc Holdings PLC
Orbotech Ltd Shares Sold by Hsbc Holdings PLC
Korea Investment CORP Has $3.16 Million Holdings in Rogers Communications Inc.
Korea Investment CORP Has $3.16 Million Holdings in Rogers Communications Inc.
Korea Investment CORP Reduces Position in Tapestry Inc
Korea Investment CORP Reduces Position in Tapestry Inc
First Republic Bank  Shares Sold by Korea Investment CORP
First Republic Bank Shares Sold by Korea Investment CORP


© 2006-2019 Ticker Report