National Bankshares Increases Kelt Exploration (TSE:KEL) Price Target to C$9.00

Kelt Exploration (TSE:KEL - Free Report) had its price objective increased by National Bankshares from C$7.50 to C$9.00 in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the oil and gas exploration company's stock.

Several other equities analysts have also weighed in on KEL. ATB Capital reduced their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a research report on Wednesday, March 20th. TD Securities raised shares of Kelt Exploration from a hold rating to a buy rating and increased their price target for the stock from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. Raymond James cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating on the stock in a research report on Friday, January 19th. BMO Capital Markets set a C$8.50 price objective on shares of Kelt Exploration and gave the company an outperform rating in a research report on Tuesday, April 9th. Finally, CIBC lowered their price target on Kelt Exploration from C$9.00 to C$8.00 and set an outperform rating on the stock in a report on Tuesday, January 16th. Six investment 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 an average target price of C$8.57.

Kelt Exploration Stock Up 1.5 %

KEL traded up C$0.09 during trading on Friday, hitting C$6.07. The company had a trading volume of 226,645 shares, compared to its average volume of 274,292. The company has a market cap of C$1.18 billion, a PE ratio of 13.80 and a beta of 2.10. Kelt Exploration has a 1-year low of C$4.56 and a 1-year high of C$8.16. The business has a 50-day moving average of C$5.94 and a 200-day moving average of C$6.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL - Get Free Report) last released its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter, topping analysts' consensus estimates of C$0.10 by C$0.02. Kelt Exploration had a net margin of 19.70% and a return on equity of 9.03%. The business had revenue of C$129.00 million for the quarter. As a group, analysts forecast that Kelt Exploration will post 0.4800307 earnings per share for the current year.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Alan G. Franks sold 15,000 shares of Kelt Exploration stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. In other Kelt Exploration news, Senior Officer Alan G. Franks sold 15,000 shares of Kelt Exploration stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. Also, Senior Officer Bruce Douglas Gigg sold 27,000 shares of Kelt Exploration stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$6.09, for a total transaction of C$164,430.00. Over the last quarter, insiders have sold 115,226 shares of company stock worth $696,932. Insiders own 15.94% of the company's stock.

About Kelt Exploration

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.