Kelt Exploration (TSE:KEL) Hits New 1-Year High - What's Next?

Key Points

• Kelt Exploration hit a new 52-week high, trading as high as C$9.78 (last C$9.68) on volume of 1,710,606 shares versus a prior close of C$8.53.
• Analysts are broadly bullish—four firms rate the stock Buy/Outperform with a consensus target of C$11.10 and individual targets up to C$12.50, indicating potential further upside.
• The company has a market cap of C$1.94B and a P/E of 31.23, reported quarterly EPS of C$0.09 on C$132.6M revenue, but insiders have sold about 308,969 shares (~$2.6M) in the past three months.

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$9.78 and last traded at C$9.68, with a volume of 1710606 shares traded. The stock had previously closed at C$8.53.

Wall Street Analyst Weigh In

KEL has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their target price on Kelt Exploration from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Monday, April 13th. TD Securities raised their target price on Kelt Exploration from C$9.00 to C$11.00 and gave the stock a "buy" rating in a report on Friday, March 13th. BMO Capital Markets raised their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. Finally, Ventum Financial set a C$12.50 target price on Kelt Exploration and gave the stock a "buy" rating in a report on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$11.10.

Kelt Exploration Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.61 and a debt-to-equity ratio of 15.87. The firm has a market cap of C$1.94 billion, a P/E ratio of 31.23 and a beta of -0.28. The company has a fifty day moving average price of C$8.83 and a two-hundred day moving average price of C$7.92.

Kelt Exploration (TSE:KEL - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. Kelt Exploration had a return on equity of 5.65% and a net margin of 12.56%.The business had revenue of C$132.64 million for the quarter. Equities analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Insider Buying and Selling at Kelt Exploration

In other news, insider David A. Gillis sold 3,853 shares of Kelt Exploration stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of C$8.84, for a total transaction of C$34,060.52. Following the transaction, the insider owned 78,821 shares in the company, valued at C$696,777.64. The trade was a 4.66% decrease in their position. Also, insider Patrick William George Miles sold 94,300 shares of Kelt Exploration stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$8.03, for a total value of C$757,229.00. Following the transaction, the insider owned 911,855 shares in the company, valued at C$7,322,195.65. This trade represents a 9.37% decrease in their position. Insiders have sold a total of 308,969 shares of company stock worth $2,595,891 over the last three months. Company insiders own 15.87% of the company's stock.

Kelt Exploration Company Profile

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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