Kelt Exploration (TSE:KEL) Price Target Raised to C$11.00 at CIBC

Kelt Exploration (TSE:KEL) had its price objective upped by CIBC from C$10.50 to C$11.00 in a research note published on Friday morning,BayStreet.CA reports.

Kelt Exploration Trading Down 1.4%

Shares of TSE:KEL traded down C$0.11 during trading hours on Friday, hitting C$7.59. 595,596 shares of the company’s stock traded hands, compared to its average volume of 416,687. Kelt Exploration has a 1 year low of C$4.90 and a 1 year high of C$8.22. The business has a fifty day moving average price of C$6.84 and a 200-day moving average price of C$6.90. The firm has a market capitalization of C$1.51 billion, a P/E ratio of 20.51 and a beta of -0.46. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. Kelt Exploration had a net margin of 13.12% and a return on equity of 5.40%. The firm had revenue of C$100.14 million for the quarter. Equities analysts expect that Kelt Exploration will post 0.5224359 earnings per share for the current year.

Insider Buying and Selling

In other Kelt Exploration news, insider Louise Lee sold 7,776 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the completion of the sale, the insider directly owned 21,802 shares in the company, valued at approximately C$131,466.06. The trade was a 26.29% decrease in their position. Also, Director Raymond Kwan bought 49,305 shares of the stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of C$6.65 per share, for a total transaction of C$327,878.25. Following the purchase, the director owned 105,755 shares in the company, valued at C$703,270.75. The trade was a 87.34% increase in their ownership of the stock. Insiders own 15.87% of the company’s stock.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.