Kelt Exploration Ltd. (TSE:KEL) Given Consensus Rating of “Buy” by Analysts

Kelt Exploration Ltd. (TSE:KEL) has earned a consensus rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report 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 report on Wednesday, June 24th.

Insider Transactions at Kelt Exploration

In other news, Director David John Wilson purchased 100,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of C$9.06 per share, for a total transaction of C$906,000.00. Following the purchase, the director directly owned 21,183,040 shares in the company, valued at approximately C$191,918,342.40. This represents a 0.47% increase in their position. Also, insider Alan G. Franks sold 85,000 shares of Kelt Exploration stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$10.17, for a total value of C$864,450.00. Following the completion of the sale, the insider directly owned 19,158 shares of the company’s stock, valued at C$194,836.86. The trade was a 81.61% decrease in their position. Company insiders own 15.87% of the company’s stock.

Kelt Exploration Price Performance

KEL opened at C$9.47 on Friday. The company’s 50-day simple moving average is C$9.44 and its two-hundred day simple moving average is C$9.13. 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 stock has a market capitalization of C$1.92 billion, a P/E ratio of 35.07 and a beta of -0.24. Kelt Exploration has a 52-week low of C$5.96 and a 52-week high of C$10.45.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 EPS for the quarter. Kelt Exploration had a net margin of 9.66% and a return on equity of 4.95%. The firm had revenue of C$193.42 million during the quarter. As a group, analysts predict that Kelt Exploration will post 0.5224359 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.