Kelt Exploration (TSE:KEL) PT Set at C$9.50 by Raymond James

Kelt Exploration (TSE:KEL) has been given a C$9.50 target price by equities research analysts at Raymond James in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James’ target price points to a potential upside of 74.63% from the company’s current price.

A number of other brokerages also recently commented on KEL. National Bankshares lifted their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. CIBC upped their price objective on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, Scotiabank increased their price objective on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and an average price target of C$10.08.

Kelt Exploration Stock Performance

TSE KEL traded down C$0.17 during mid-day trading on Tuesday, reaching C$5.44. 374,983 shares of the stock were exchanged, compared to its average volume of 431,898. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The company has a market capitalization of C$1.08 billion, a P/E ratio of 19.28 and a beta of 1.93. The business’s 50 day moving average is C$6.53 and its 200-day moving average is C$6.63. Kelt Exploration has a 1 year low of C$5.33 and a 1 year high of C$7.59.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico bought 5,500 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of C$6.78 per share, for a total transaction of C$37,290.00. Also, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total transaction of C$98,752.50. In the last 90 days, insiders sold 243,856 shares of company stock valued at $1,712,838. Insiders own 15.87% of the company’s stock.

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 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.