Kelt Exploration Ltd (KEL) Receives C$9.33 Average Price Target from Brokerages

Kelt Exploration Ltd (TSE:KEL) has received a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$9.33.

Several research firms have recently commented on KEL. CIBC increased their target price on Kelt Exploration from C$9.00 to C$10.00 in a research note on Tuesday, January 23rd. CSFB increased their target price on Kelt Exploration from C$7.25 to C$8.50 in a research note on Monday, November 13th. TD Securities increased their target price on Kelt Exploration from C$8.50 to C$9.00 and gave the company a “buy” rating in a research note on Friday, November 10th. National Bank Financial increased their target price on Kelt Exploration from C$10.00 to C$10.25 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Scotiabank increased their target price on Kelt Exploration from C$8.75 to C$9.25 and gave the company an “outperform” rating in a research note on Tuesday, October 10th.

In related news, Director William Charles Guinan sold 9,700 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$7.35, for a total transaction of C$71,295.00. Also, insider Ashley Dawn Hohm sold 5,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$7.20, for a total value of C$36,000.00. Over the last 90 days, insiders have purchased 156,100 shares of company stock worth $1,061,788 and have sold 178,996 shares worth $1,335,914.

Kelt Exploration (TSE:KEL) traded down C$0.08 during midday trading on Tuesday, reaching C$7.51. The company’s stock had a trading volume of 390,401 shares, compared to its average volume of 862,850. The stock has a market cap of $1,350.00, a PE ratio of -249.33 and a beta of 0.93. Kelt Exploration has a 52-week low of C$5.56 and a 52-week high of C$8.20.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Thursday, November 9th. The oil and gas exploration company reported C($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.08) by C$0.02. Kelt Exploration had a negative return on equity of 5.12% and a negative net margin of 20.76%.

ILLEGAL ACTIVITY NOTICE: “Kelt Exploration Ltd (KEL) Receives C$9.33 Average Price Target from Brokerages” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/02/kelt-exploration-ltd-kel-receives-c9-33-average-price-target-from-brokerages.html.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply