Kelt Exploration (TSE:KEL) PT Set at C$9.50 by TD Securities

Kelt Exploration (TSE:KEL) has been given a C$9.50 price objective by stock analysts at TD Securities in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ target price would indicate a potential upside of 30.32% from the company’s previous close.

Separately, CIBC lifted their price objective on Kelt Exploration from C$10.50 to C$11.00 in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$10.00.

Kelt Exploration Trading Down 2.8%

Shares of TSE KEL traded down C$0.21 during trading hours on Tuesday, hitting C$7.29. The company’s stock had a trading volume of 366,798 shares, compared to its average volume of 439,688. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration has a 12 month low of C$4.90 and a 12 month high of C$8.22. The stock has a market cap of C$1.45 billion, a price-to-earnings ratio of 25.14 and a beta of -0.51. The business has a 50-day simple moving average of C$7.46 and a 200-day simple moving average of C$7.14.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$100.14 million for the quarter. Kelt Exploration had a net margin of 13.12% and a return on equity of 5.40%. On average, analysts anticipate that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Louise Lee sold 7,776 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the sale, the insider directly owned 21,802 shares of the company’s stock, valued at C$131,466.06. This trade represents a 26.29% decrease in their ownership of the stock. 15.87% of the stock is currently owned by insiders.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.