Kelt Exploration (TSE:KEL – Free Report) had its target price lifted by CIBC from C$8.00 to C$8.50 in a research note published on Monday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the oil and gas exploration company’s stock.
Other research analysts have also recently issued research reports about the company. National Bankshares lifted their target price on Kelt Exploration from C$7.50 to C$9.00 and gave the company an outperform rating in a research report on Friday, April 19th. Raymond James dropped their price objective on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a report on Friday, January 19th. TD Securities raised Kelt Exploration from a hold rating to a buy rating and raised their price objective for the company from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. ATB Capital cut their price objective on Kelt Exploration from C$9.00 to C$8.50 and set an outperform rating for the company in a report on Wednesday, March 20th. Finally, BMO Capital Markets set a C$8.50 target price on Kelt Exploration and gave the stock an outperform rating in a research report on Tuesday, April 9th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of C$8.64.
Kelt Exploration Stock Performance
Kelt Exploration (TSE:KEL – Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.02. Kelt Exploration had a return on equity of 9.03% and a net margin of 19.70%. The company had revenue of C$129.00 million for the quarter. On average, research analysts anticipate that Kelt Exploration will post 0.4800307 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. In related news, Senior Officer Alan G. Franks sold 15,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$5.92, for a total transaction of C$88,800.00. Also, Senior Officer Bruce Douglas Gigg sold 30,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. Insiders have sold a total of 115,226 shares of company stock valued at $696,932 over the last quarter. Company insiders own 15.94% of the company’s stock.
Kelt Exploration Company Profile
Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.
See Also
- Five stocks we like better than Kelt Exploration
- How to Most Effectively Use the MarketBeat Earnings Screener
- High-Yield Texas Instruments Could Hit New Highs Soon
- What Investors Need to Know to Beat the Market
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Bank Stocks – Best Bank Stocks to Invest In
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
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.