National Bankshares Issues Positive Forecast for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its price target boosted by National Bankshares from C$9.00 to C$10.00 in a research note released on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the oil and gas exploration company’s stock.

Several other research analysts have also commented on the company. CIBC lifted their price target on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets lifted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, Scotiabank lifted their price target on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$9.64.

Kelt Exploration Price Performance

KEL stock opened at C$7.07 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration has a 1 year low of C$5.01 and a 1 year high of C$7.59. The firm has a market capitalization of C$1.38 billion, a P/E ratio of 21.42 and a beta of 1.93. The business’s 50-day moving average is C$6.88 and its two-hundred day moving average is C$6.47.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The business had revenue of C$107.88 million for the quarter. Analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Director David John Wilson purchased 656,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of C$6.05 per share, for a total transaction of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total value of C$69,000.00. Insiders have sold a total of 166,270 shares of company stock worth $1,210,476 over the last three months. 15.87% of the stock is currently owned by corporate insiders.

Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.