Kelt Exploration (TSE:KEL) Given a C$13.25 Price Target at National Bank Financial

Key Points

• National Bank Financial set a C$13.25 price target for Kelt Exploration and maintained an “outperform” rating, implying 29.52% upside from the prior close.
• Scotia also rated the stock “sector outperform” with a C$13.00 target; overall, six analysts rate Kelt a Buy, with a consensus target of C$11.68.
• Kelt reported C$0.22 in quarterly EPS on C$193.42 million in revenue, while its shares opened at C$10.23 and were trading 2.8% lower.

Kelt Exploration (TSE:KEL - Get Free Report) has been given a C$13.25 target price by analysts at National Bank Financial in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has an "outperform" rating on the oil and gas exploration company's stock. National Bank Financial's price target indicates a potential upside of 29.52% from the stock's previous close.

Separately, Scotia set a C$13.00 price target on Kelt Exploration and gave the stock a "sector outperform" rating in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kelt Exploration has a consensus rating of "Buy" and an average target price of C$11.68.

Kelt Exploration Trading Down 2.8%

Shares of Kelt Exploration stock opened at C$10.23 on Wednesday. The firm's 50 day simple moving average is C$10.22 and its two-hundred day simple moving average is C$9.62. The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 37.89 and a beta of -0.16. Kelt Exploration has a 12-month low of C$5.96 and a 12-month high of C$11.35. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 15.69.

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 earnings per share for the quarter. Kelt Exploration had a net margin of 9.66% and a return on equity of 4.95%. The firm had revenue of C$193.42 million for the quarter. Analysts predict that Kelt Exploration will post 0.5224359 EPS for the current year.

Insider Buying and Selling

In other Kelt Exploration news, insider Patrick William George Miles sold 26,683 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the completion of the sale, the insider directly owned 911,855 shares in the company, valued at approximately C$8,680,859.60. The trade was a 2.84% decrease in their position. Insiders own 15.87% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.