Kelt Exploration Ltd. (TSE:KEL) Receives C$11.42 Consensus PT from Analysts

Shares of Kelt Exploration Ltd. (TSE:KEL – Get Free Report) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is C$11.42.

Separately, Scotia set a C$13.00 price target on shares of Kelt Exploration and gave the stock a “sector outperform” rating in a research note on Wednesday, June 24th.

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Insider Activity

In other 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 sale, the insider directly owned 911,855 shares of the company’s stock, valued at approximately C$8,680,859.60. The trade was a 2.84% decrease in their ownership of the stock. Company insiders own 15.87% of the company’s stock.

Kelt Exploration Price Performance

KEL stock opened at C$10.27 on Tuesday. Kelt Exploration has a one year low of C$5.96 and a one year high of C$11.00. The company’s fifty day moving average price is C$9.80 and its 200-day moving average price is C$9.40. The company has a debt-to-equity ratio of 15.69, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market capitalization of C$2.08 billion, a PE ratio of 38.04 and a beta of -0.16.

Kelt Exploration (TSE:KEL – Get Free Report) last issued its earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share for the quarter. The firm had revenue of C$193.42 million during the quarter. Kelt Exploration had a net margin of 9.66% and a return on equity of 4.95%. On average, equities analysts anticipate that Kelt Exploration will post 0.5224359 EPS for the current fiscal year.

About Kelt Exploration

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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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