Kelt Exploration Ltd. (TSE:KEL) Receives Average Rating of "Buy" from Brokerages

Key Points

• Kelt Exploration received a consensus “Buy” rating from five analysts, with an average 12-month price target of C$11.42. Scotia separately set a C$13.00 target and rated the stock “sector outperform.”
• Insiders sold shares in two reported transactions, including sales by Patrick William George Miles and Alan G. Franks; insiders collectively own 15.87% of the company.
• Kelt shares opened at C$10.60, near the upper end of their C$5.96–C$11.00 52-week range. In its latest quarter, the company reported C$0.22 EPS and C$193.42 million in revenue.

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

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

Insider Buying and Selling

In related news, insider Patrick William George Miles sold 26,683 shares of the business's 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 value 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 ownership of the stock. Also, insider Alan G. Franks sold 85,000 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$10.17, for a total transaction of C$864,450.00. Following the transaction, the insider directly owned 19,158 shares of the company's stock, valued at C$194,836.86. This trade represents a 81.61% decrease in their position. 15.87% of the stock is currently owned by insiders.

Kelt Exploration Stock Down 1.2%

KEL stock opened at C$10.60 on Tuesday. The company has a 50 day moving average price of C$9.62 and a two-hundred day moving average price of C$9.32. 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 stock has a market capitalization of C$2.15 billion, a P/E ratio of 39.26 and a beta of -0.24. Kelt Exploration has a one year low of C$5.96 and a one year high of C$11.00.

Kelt Exploration (TSE:KEL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts expect that Kelt Exploration will post 0.5224359 EPS for the current 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.

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