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

Kelt Exploration (TSE:KEL - Get Free Report) had its target price increased by Cormark from C$8.50 to C$9.00 in a report issued on Friday, BayStreet.CA reports. Cormark's price objective would suggest a potential upside of 54.37% from the stock's current price.

Several other equities analysts also recently issued reports on KEL. 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 note on Tuesday, April 9th. ATB Capital decreased their price objective on Kelt Exploration from C$9.00 to C$8.50 and set an "outperform" rating for the company in a report on Wednesday, March 20th. CIBC upped their price target on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the company an "outperform" rating in a research report on Monday, April 22nd. TD Securities raised shares of Kelt Exploration from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. Finally, Raymond James decreased their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research note on Friday, January 19th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$8.69.

Kelt Exploration Stock Down 1.9 %

KEL stock traded down C$0.11 during midday trading on Friday, hitting C$5.83. The company's stock had a trading volume of 271,162 shares, compared to its average volume of 272,366. The firm has a 50-day simple moving average of C$6.09 and a 200-day simple moving average of C$6.15. The company has a quick ratio of 0.61, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Kelt Exploration has a 52-week low of C$4.88 and a 52-week high of C$8.16. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 13.25 and a beta of 2.10.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter. As a group, equities analysts forecast that Kelt Exploration will post 0.4800307 EPS for the current year.

Insider Activity at Kelt Exploration

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