Kelt Exploration Ltd (TSE:KEL) – Stock analysts at Clarus Securities lowered their FY2018 EPS estimates for Kelt Exploration in a research report issued on Thursday. Clarus Securities analyst D. Choi now expects that the oil and gas exploration company will earn ($0.10) per share for the year, down from their previous estimate of ($0.07).
KEL has been the topic of a number of other reports. CIBC increased their price objective on Kelt Exploration from C$9.00 to C$10.00 in a research report on Tuesday, January 23rd. National Bank Financial increased their price objective on 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. TD Securities increased their price objective on Kelt Exploration from C$9.50 to C$10.00 and gave the company a “buy” rating in a research report on Friday, February 9th. CSFB increased their price objective on Kelt Exploration from C$7.25 to C$8.50 in a research report on Monday, November 13th. Finally, Eight Capital increased their price objective on Kelt Exploration from C$9.75 to C$10.75 in a research report on Friday, February 9th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$9.53.
In related news, insider David John Wilson purchased 75,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of C$6.70 per share, with a total value of C$502,500.00. Also, insider Douglas Owen Macarthur sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of C$7.72, for a total value of C$193,000.00.
TRADEMARK VIOLATION WARNING: “Kelt Exploration Ltd (KEL) Expected to Post FY2018 Earnings of ($0.10) Per Share” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/03/12/kelt-exploration-ltd-kel-expected-to-post-fy2018-earnings-of-0-10-per-share.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.
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.