Kelt Exploration (TSE:KEL – Get Free Report) announced its earnings results on Friday. The oil and gas exploration company reported C$0.13 EPS for the quarter, FiscalAI reports. The company had revenue of C$172.19 million during the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%.
Kelt Exploration Stock Up 8.8%
KEL traded up C$0.93 on Friday, hitting C$11.49. 2,049,720 shares of the company were exchanged, compared to its average volume of 664,690. Kelt Exploration has a twelve month low of C$7.04 and a twelve month high of C$12.03. The company has a market cap of C$2.31 billion, a price-to-earnings ratio of 42.56 and a beta of 0.07. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 15.69. The firm has a 50-day moving average price of C$10.88 and a two-hundred day moving average price of C$9.67.
Analyst Ratings Changes
KEL has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Kelt Exploration from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. National Bank Financial set a C$13.25 price objective on shares of Kelt Exploration and gave the company an “outperform” rating in a research note on Wednesday, September 30th. Six analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$12.12.
Get Our Latest Research Report on Kelt Exploration
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.
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