Kelt Exploration Ltd. (TSE:KEL – Get Free Report) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$11.96.
A number of analysts recently weighed in on KEL shares. Royal Bank Of Canada boosted their target price on Kelt Exploration from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 21st. National Bank Financial set a C$13.25 price target on shares of Kelt Exploration and gave the company an “outperform” rating in a research report on Wednesday, September 30th.
Get Our Latest Analysis on KEL
Insider Activity
In related news, insider Patrick William George Miles sold 26,683 shares of Kelt Exploration stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$9.52, for a total value of C$254,022.16. Following the transaction, the insider owned 911,855 shares in the company, valued at C$8,680,859.60. This trade represents a 2.84% decrease in their position. Company insiders own 15.87% of the company’s stock.
Kelt Exploration Trading Down 1.3%
Shares of KEL stock opened at C$11.72 on Wednesday. The business has a 50-day moving average price of C$10.79 and a two-hundred day moving average price of C$9.47. Kelt Exploration has a 12-month low of C$6.07 and a 12-month high of C$12.03. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 15.69. The firm has a market cap of C$2.38 billion, a P/E ratio of 43.41 and a beta of -0.10.
Kelt Exploration (TSE:KEL – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The oil and gas exploration company reported C$0.22 EPS for the quarter. The firm 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%. Equities analysts anticipate that Kelt Exploration will post 0.52 EPS for the current fiscal year.
About Kelt Exploration
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.
See Also
- Five stocks we like better than Kelt Exploration
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.
