Kelt Exploration Ltd. (TSE:KEL - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.17 and traded as high as C$6.55. Kelt Exploration shares last traded at C$6.52, with a volume of 427,669 shares traded.
KEL has been the subject of a number of recent analyst reports. National Bankshares decreased their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. CIBC raised their target price on Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Finally, Scotiabank lifted their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration has an average rating of "Buy" and an average price target of C$8.97.
Check Out Our Latest Stock Report on Kelt Exploration
The stock has a market capitalization of C$1.28 billion, a P/E ratio of 19.76 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The firm's fifty day moving average is C$6.34 and its 200-day moving average is C$6.17.
Kelt Exploration (TSE:KEL - Get Free Report) last posted its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$109.09 million during the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, equities research analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.
In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the business's stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$6.12, for a total value of C$183,600.00. Insiders own 15.87% of the company's stock.
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.
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