Kelt Exploration Ltd (TSE:KEL) – Equities researchers at Cormark lifted their Q1 2018 EPS estimates for Kelt Exploration in a research report issued on Friday. Cormark analyst A. Arif now expects that the oil and gas exploration company will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.03. Cormark also issued estimates for Kelt Exploration’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.17 EPS.
Several other research analysts also recently issued reports on the stock. Eight Capital boosted their price objective on shares of Kelt Exploration from C$9.75 to C$10.75 in a report on Friday. TD Securities boosted their price objective on shares of Kelt Exploration from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Friday. CIBC lifted their target price on shares of Kelt Exploration from C$9.00 to C$10.00 in a research report on Tuesday, January 23rd. National Bank Financial lifted their target price on shares of Kelt Exploration from C$10.00 to C$10.25 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, CSFB lifted their target price on shares of Kelt Exploration from C$7.25 to C$8.50 in a research report on Monday, November 13th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Kelt Exploration presently has an average rating of “Buy” and an average price target of C$9.53.
Kelt Exploration (TSE:KEL) opened at C$7.12 on Monday. Kelt Exploration has a twelve month low of C$5.56 and a twelve month high of C$8.20. The stock has a market cap of $1,270.00, a PE ratio of -237.33 and a beta of 0.93.
In other news, insider David John Wilson purchased 78,000 shares of Kelt Exploration stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of C$6.88 per share, for a total transaction of C$536,640.00. Also, insider Ashley Dawn Hohm sold 5,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$7.20, for a total transaction of C$36,000.00. Over the last quarter, insiders have bought 156,100 shares of company stock worth $1,061,788 and have sold 178,996 shares worth $1,335,914.
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About Kelt Exploration
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.
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