Kelt Exploration Ltd. (TSE:KEL) Receives Average Recommendation of “Buy” from Analysts

Shares of Kelt Exploration Ltd. (TSE:KEL) have received an average rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$11.42.

Separately, Scotia set a C$13.00 target price on shares of Kelt Exploration and gave the stock a “sector outperform” rating in a research note on Wednesday, June 24th.

Insider Buying and Selling at Kelt Exploration

In other news, insider Patrick William George Miles sold 26,683 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$9.52, for a total value of C$254,022.16. Following the transaction, the insider owned 911,855 shares of the company’s stock, valued at approximately C$8,680,859.60. This represents a 2.84% decrease in their ownership of the stock. Insiders own 15.87% of the company’s stock.

Kelt Exploration Trading Down 0.6%

Shares of Kelt Exploration stock opened at C$10.68 on Friday. The company’s 50-day moving average price is C$10.19 and its 200-day moving average price is C$9.59. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 15.69. Kelt Exploration has a 12-month low of C$5.96 and a 12-month high of C$11.35. The company has a market cap of C$2.17 billion, a price-to-earnings ratio of 39.56 and a beta of -0.16.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, August 6th. The oil and gas exploration company reported C$0.22 EPS for the quarter. The company had revenue of C$193.42 million during the quarter. Kelt Exploration had a net margin of 9.66% and a return on equity of 4.95%. On average, equities analysts expect that Kelt Exploration will post 0.5224359 earnings per share for the current fiscal year.

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.