CIBC Has Lowered Expectations for Kelt Exploration (TSE:KEL) Stock Price

Kelt Exploration (TSE:KEL) had its price objective reduced by stock analysts at CIBC from C$11.50 to C$10.75 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 106.73% from the company’s current price.

KEL has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares lifted their target price 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. Raymond James set a C$9.50 price target on Kelt Exploration and gave the company an “outperform” rating in a report on Tuesday. Finally, Scotiabank increased their target price on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th.

Kelt Exploration Trading Down 8.3 %

TSE:KEL traded down C$0.47 on Thursday, hitting C$5.20. 258,487 shares of the stock were exchanged, compared to its average volume of 439,727. 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 fifty-two week low of C$4.90 and a fifty-two week high of C$7.59. The stock has a fifty day moving average of C$6.41 and a 200-day moving average of C$6.60. The stock has a market cap of C$1.03 billion, a PE ratio of 18.43 and a beta of 1.93.

Insider Buying and Selling

In related news, Director Michael Shea sold 30,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$6.75, for a total value of C$202,500.00. Also, Senior Officer David A. Gillis sold 10,000 shares of Kelt Exploration stock in a transaction dated Friday, January 10th. The shares were sold at an average price of C$7.48, for a total transaction of C$74,800.00. Insiders have sold 188,856 shares of company stock worth $1,301,488 over the last ninety days. 15.87% of the stock is owned by insiders.

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.