Kelt Exploration (TSE:KEL) Shares Up 2.4% – Should You Buy?

Kelt Exploration Ltd. (TSE:KEL)’s share price was up 2.4% during mid-day trading on Wednesday. The company traded as high as C$10.49 and last traded at C$10.35. Approximately 525,370 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 658,251 shares. The stock had previously closed at C$10.11.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Kelt Exploration from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. National Bank Financial set a C$13.25 price objective on shares of Kelt Exploration and gave the company an “outperform” rating in a research note on Wednesday, September 30th. Six investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$11.96.

Kelt Exploration Price Performance

The firm has a market capitalization of C$2.31 billion, a P/E ratio of 42.56 and a beta of 0.07. The company has a debt-to-equity ratio of 15.69, a quick ratio of 0.61 and a current ratio of 0.64. The firm has a 50-day moving average of C$10.86 and a 200-day moving average of C$9.65.

Kelt Exploration (TSE:KEL) last posted its earnings results on Friday, November 13th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$172.19 million during the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%. As a group, analysts predict that Kelt Exploration Ltd. will post 0.52 EPS for the current 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.