Kelt Exploration (TSE:KEL) PT Set at C$13.25 by National Bank Financial

Kelt Exploration (TSE:KEL) has been given a C$13.25 price objective by equities research analysts at National Bank Financial in a report released on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s price target points to a potential upside of 29.52% from the stock’s current price.

Separately, Scotia set a C$13.00 target price on shares of Kelt Exploration and gave the company a “sector outperform” rating in a research note on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$11.68.

Kelt Exploration Trading Down 2.8%

Shares of TSE:KEL opened at C$10.23 on Wednesday. Kelt Exploration has a 12-month low of C$5.96 and a 12-month high of C$11.35. The company has a market capitalization of C$2.08 billion, a PE ratio of 37.89 and a beta of -0.16. The business has a 50 day moving average of C$10.22 and a two-hundred day moving average of C$9.62. 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 quarterly earnings data on Thursday, August 6th. The oil and gas exploration company reported C$0.22 EPS for the quarter. The business had revenue of C$193.42 million for the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%. As a group, analysts forecast that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Activity at Kelt Exploration

In related news, insider Patrick William George Miles sold 26,683 shares of Kelt Exploration 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 transaction, the insider owned 911,855 shares in the company, valued at C$8,680,859.60. The trade was a 2.84% decrease in their position. 15.87% of the stock is owned by company insiders.

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.