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 Down 3.3 %

KEL Stock traded down C$0.21 during trading on Monday, reaching C$6.25. 320,136 shares of the company traded hands, compared to its average volume of 597,659. The business has a 50 day simple moving average of C$6.39 and a 200 day simple moving average of C$6.33. Kelt Exploration has a 12 month low of C$2.83 and a 12 month high of C$8.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.85. The company has a market capitalization of C$1.20 billion and a price-to-earnings ratio of 9.47.

Kelt Exploration (TSE:KEL - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.08. The firm had revenue of C$178.94 million for the quarter. On average, equities research analysts anticipate that Kelt Exploration will post 1.0199999 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KEL. Stifel Nicolaus decreased their price target on shares of Kelt Exploration from C$8.50 to C$8.00 in a research note on Monday, July 11th. CIBC lowered their target price on Kelt Exploration from C$12.00 to C$10.00 in a report on Wednesday, July 13th. Raymond James set a C$8.00 price target on Kelt Exploration and gave the stock an "outperform" rating in a research report on Friday, May 6th. Cormark upped their price objective on shares of Kelt Exploration from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a research note on Monday, April 18th. Finally, National Bankshares dropped their target price on shares of Kelt Exploration from C$11.00 to C$10.50 and set an "outperform" rating on the stock in a report on Monday, July 18th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$8.72.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 5,000 shares of the firm's stock in a transaction that occurred 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 directly owns 189,368 shares in the company, valued at C$1,268,765.60. In related news, Senior Officer Bruce Douglas Gigg sold 5,000 shares of the company's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of C$6.70, for a total transaction of C$33,500.00. Following the transaction, the insider now directly owns 189,368 shares of the company's stock, valued at approximately C$1,268,765.60. Also, Senior Officer Patrick William George Miles sold 45,000 shares of the firm's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of C$8.26, for a total value of C$371,700.00. Following the completion of the sale, the insider now directly owns 876,647 shares of the company's stock, valued at approximately C$7,241,104.22. Insiders sold 160,167 shares of company stock valued at $1,216,863 over the last 90 days.