Kelt Exploration (TSE:KEL) Given New C$8.50 Price Target at CIBC

Kelt Exploration (TSE:KEL - Free Report) had its target price lifted by CIBC from C$8.00 to C$8.50 in a research note published on Monday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the oil and gas exploration company's stock.

Other research analysts have also issued reports about the company. National Bankshares raised their price target on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an outperform rating in a research report on Friday. Raymond James lowered their target price on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a report on Friday, January 19th. BMO Capital Markets set a C$8.50 target price on Kelt Exploration and gave the company an outperform rating in a research report on Tuesday, April 9th. ATB Capital reduced their price target 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 Wednesday, March 20th. Finally, TD Securities upgraded shares of Kelt Exploration from a hold rating to a buy rating and lifted their price objective for the company from C$7.50 to C$8.00 in a report on Wednesday, March 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Kelt Exploration presently has a consensus rating of Buy and an average target price of C$8.64.

Kelt Exploration Trading Up 4.9 %

TSE KEL traded up C$0.30 during trading hours on Monday, reaching C$6.37. The company had a trading volume of 654,183 shares, compared to its average volume of 279,169. Kelt Exploration has a 1-year low of C$4.56 and a 1-year high of C$8.16. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 14.45 and a beta of 2.10. The stock has a 50-day moving average of C$5.94 and a 200 day moving average of C$6.24. The company has a current ratio of 0.83, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14.

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

Insider Buying and Selling

In other news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the firm's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of Kelt Exploration stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Senior Officer Douglas Jeffery Errico sold 40,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$6.03, for a total value of C$241,200.00. Over the last ninety days, insiders have sold 115,226 shares of company stock worth $696,932. Company insiders own 15.94% of the company's stock.

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.