Kelt Exploration (TSE:KEL) Rating Increased to Moderate Buy at Raymond James

Kelt Exploration (TSE:KEL) was upgraded by analysts at Raymond James to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on KEL. Scotiabank increased their price objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. National Bankshares increased their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Finally, CIBC upped their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$10.08.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$5.22 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. Kelt Exploration has a 1-year low of C$5.18 and a 1-year high of C$7.59. The stock has a market capitalization of C$1.03 billion, a P/E ratio of 18.50 and a beta of 1.93. The business has a 50-day moving average price of C$6.46 and a two-hundred day moving average price of C$6.61.

Insiders Place Their Bets

In related news, Senior Officer Douglas Owen Macarthur sold 45,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$6.50, for a total value of C$292,500.00. Also, Senior Officer David A. Gillis sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$7.48, for a total value of C$74,800.00. In the last three months, insiders have sold 188,856 shares of company stock worth $1,301,488. Company insiders own 15.87% 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.