Kelt Exploration Ltd. (TSE:KEL) Receives C$9.64 Average Price Target from Brokerages

Kelt Exploration Ltd. (TSE:KEL) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$9.64.

A number of research firms have weighed in on KEL. CIBC increased their target price on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Scotiabank upped their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. National Bankshares raised their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets upped their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Senior Officer Patrick William George Miles sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00. Also, Director William Charles Guinan sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00. In the last ninety days, insiders sold 123,000 shares of company stock worth $911,270. 15.87% of the stock is owned by company insiders.

Kelt Exploration Price Performance

Shares of KEL opened at C$6.05 on Wednesday. The firm has a market cap of C$1.20 billion, a PE ratio of 21.44 and a beta of 1.93. Kelt Exploration has a 1-year low of C$5.45 and a 1-year high of C$7.59. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The firm has a fifty day simple moving average of C$6.84 and a two-hundred day simple moving average of C$6.58.

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 Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.