Kelt Exploration Ltd (KEL) Receives Consensus Rating of “Buy” from Analysts

Shares of Kelt Exploration Ltd (TSE:KEL) have been given a consensus rating of “Buy” by the nine brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$10.53.

Several analysts have recently issued reports on the company. CIBC decreased their price objective on Kelt Exploration from C$11.50 to C$10.00 in a report on Monday. Raymond James decreased their price objective on Kelt Exploration from C$12.50 to C$11.50 and set a “strong-buy” rating on the stock in a report on Monday. Royal Bank of Canada cut their target price on Kelt Exploration from C$11.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Monday. TD Securities cut their target price on Kelt Exploration from C$12.00 to C$9.50 in a research report on Monday. Finally, Eight Capital cut their target price on Kelt Exploration from C$11.00 to C$10.50 in a research report on Monday.

Shares of KEL traded down C$0.05 during mid-day trading on Monday, hitting C$5.15. 2,201,607 shares of the stock were exchanged, compared to its average volume of 794,309. Kelt Exploration has a 52-week low of C$4.87 and a 52-week high of C$10.01. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 20.77.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, August 9th. The oil and gas exploration company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$98.72 million for the quarter, compared to analysts’ expectations of C$83.10 million. Research analysts predict that Kelt Exploration will post 0.2304600046092 EPS for the current fiscal year.

In other news, insider Sadiq Lalani sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of C$9.33, for a total transaction of C$279,900.00. Also, insider Brunschot Carolyn Van sold 3,847 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of C$8.64, for a total value of C$33,238.08.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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