Kelt Exploration Ltd. (TSE:KEL) Receives Consensus Recommendation of “Buy” from Analysts

Kelt Exploration Ltd. (TSE:KEL) has earned an average rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is C$11.42.

A number of analysts have commented on KEL shares. Scotia set a C$13.00 price objective on Kelt Exploration and gave the stock a “sector outperform” rating in a report on Wednesday, June 24th. Royal Bank Of Canada raised their target price on Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Monday, April 13th.

Insider Buying and Selling

In other Kelt Exploration news, insider Alan G. Franks sold 85,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$10.17, for a total transaction of C$864,450.00. Following the transaction, the insider directly owned 19,158 shares in the company, valued at approximately C$194,836.86. This trade represents a 81.61% decrease in their position. Also, Director William Charles Guinan sold 20,000 shares of Kelt Exploration stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of C$10.21, for a total transaction of C$204,200.00. Following the transaction, the director directly owned 1,154,459 shares in the company, valued at C$11,787,026.39. This represents a 1.70% decrease in their ownership of the stock. Over the last three months, insiders have sold 211,666 shares of company stock worth $2,124,643. 15.87% of the stock is owned by corporate insiders.

Kelt Exploration Stock Down 2.6%

Shares of TSE:KEL traded down C$0.25 during midday trading on Friday, hitting C$9.50. 563,345 shares of the company’s stock were exchanged, compared to its average volume of 595,964. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.52 and a quick ratio of 0.61. The stock has a 50 day moving average price of C$9.46 and a 200-day moving average price of C$9.07. The company has a market cap of C$1.92 billion, a PE ratio of 43.18 and a beta of -0.24. Kelt Exploration has a 12 month low of C$5.96 and a 12 month high of C$10.45.

Kelt Exploration (TSE:KEL) last posted its earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. The company had revenue of C$193.42 million for the quarter. On average, sell-side analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current fiscal year.

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.