Kelt Exploration - KEL Stock Forecast, Price & News

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids production primarily to third party marketing companies. As of December 31, 2021, it had proved developed producing reserves of 43.9 million barrels of oil equivalent (BOE); total proved reserves of 134.1 million BOE; and total proved plus probable reserves of 254.1 million BOE. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.

Kelt Exploration Stock Performance

TSE:KEL traded down C$0.14 during midday trading on Tuesday, reaching C$6.11. 392,959 shares of the company traded hands, compared to its average volume of 596,346. Kelt Exploration has a twelve month low of C$2.83 and a twelve month high of C$8.32. The firm has a market capitalization of C$1.17 billion and a price-to-earnings ratio of 8.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.67. The company has a fifty day moving average price of C$6.36 and a 200 day moving average price of C$6.34.

Kelt Exploration (TSE:KEL - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The oil and gas exploration company reported C$0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.28 by C$0.08. The company had revenue of C$178.94 million for the quarter. On average, analysts expect that Kelt Exploration will post 0.9951378 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KEL shares. Stifel Nicolaus reduced their price objective on shares of Kelt Exploration from C$8.50 to C$8.00 in a report on Monday, July 11th. BMO Capital Markets boosted their target price on Kelt Exploration from C$9.00 to C$10.00 in a research note on Friday, May 6th. National Bankshares reduced their price objective on Kelt Exploration from C$11.00 to C$10.50 and set an "outperform" rating for the company in a research note on Monday, July 18th. Raymond James set a C$8.00 price objective on Kelt Exploration and gave the stock an "outperform" rating in a report on Friday, May 6th. Finally, Cormark raised their price target on Kelt Exploration from C$8.00 to C$9.00 and gave the company an "outperform" rating in a research report on Monday, April 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$8.72.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the business's stock in a transaction on Monday, May 30th. The stock was sold at an average price of C$7.27, for a total transaction of C$218,100.00. Following the completion of the transaction, the insider now owns 753,139 shares in the company, valued at approximately C$5,475,320.53. In other news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the company's stock in a transaction on Monday, May 30th. The stock was sold at an average price of C$7.27, for a total value of C$218,100.00. Following the completion of the sale, the insider now owns 753,139 shares in the company, valued at C$5,475,320.53. Also, Senior Officer Bruce Douglas Gigg sold 5,000 shares of the company's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of C$6.70, for a total value of C$33,500.00. Following the completion of the sale, the insider now owns 189,368 shares of the company's stock, valued at approximately C$1,268,765.60. Insiders sold 160,167 shares of company stock worth $1,216,863 in the last 90 days.