National Bank Financial Analysts Give Kelt Exploration (TSE:KEL) a C$13.25 Price Target

National Bank Financial set a C$13.25 price objective on Kelt Exploration (TSE:KEL) in a research note issued to investors on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

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 report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kelt Exploration presently has an average rating of “Buy” and a consensus price target of C$11.68.

Kelt Exploration Stock Up 1.6%

Shares of TSE KEL opened at C$10.38 on Wednesday. The company has a debt-to-equity ratio of 15.69, a current ratio of 0.64 and a quick ratio of 0.61. The stock has a market capitalization of C$2.11 billion, a PE ratio of 38.44 and a beta of -0.16. Kelt Exploration has a one year low of C$5.96 and a one year high of C$11.35. The business’s fifty day moving average price is C$10.23 and its 200-day moving average price is C$9.64.

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

Insider Activity

In other Kelt Exploration news, insider Patrick William George Miles sold 26,683 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the sale, the insider owned 911,855 shares in the company, valued at C$8,680,859.60. This represents a 2.84% decrease in their ownership of the stock. 15.87% of the stock is currently owned by corporate 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.