Kelt Exploration (TSE:KEL) Given a C$9.50 Price Target at Raymond James

Kelt Exploration (TSE:KEL) has been assigned a C$9.50 target price by equities researchers at Raymond James in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James’ price objective suggests a potential upside of 74.63% from the company’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares boosted their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. CIBC lifted their price target on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Finally, Scotiabank increased their target price on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$10.08.

Kelt Exploration Price Performance

Shares of KEL traded down C$0.17 on Tuesday, hitting C$5.44. The company’s stock had a trading volume of 374,983 shares, compared to its average volume of 431,898. Kelt Exploration has a fifty-two week low of C$5.33 and a fifty-two week high of C$7.59. The company has a market capitalization of C$1.08 billion, a PE ratio of 19.28 and a beta of 1.93. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The company has a 50 day moving average price of C$6.53 and a 200 day moving average price of C$6.63.

Insider Buying and Selling

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$6.75, for a total value of C$98,752.50. Also, Director William Charles Guinan sold 10,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total transaction of C$75,200.00. Over the last three months, insiders have sold 243,856 shares of company stock worth $1,712,838. 15.87% of the stock is owned by company 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.