Kelt Exploration (TSE:KEL) had its price objective dropped by analysts at Eight Capital from C$7.75 to C$7.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Eight Capital’s target price indicates a potential upside of 116.72% from the company’s previous close.
Several other brokerages have also recently issued reports on KEL. Canaccord Genuity dropped their price objective on shares of Kelt Exploration from C$10.00 to C$8.00 in a research note on Tuesday, July 9th. CIBC dropped their price objective on shares of Kelt Exploration from C$9.00 to C$6.50 in a research note on Thursday, July 18th. GMP Securities dropped their price objective on shares of Kelt Exploration from C$6.75 to C$6.00 in a research note on Friday, June 28th. BMO Capital Markets set a C$8.00 price objective on shares of Kelt Exploration and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada dropped their price target on shares of Kelt Exploration from C$8.00 to C$7.00 in a research note on Thursday, July 18th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Kelt Exploration presently has an average rating of “Buy” and a consensus price target of C$7.05.
Shares of KEL traded up C$0.06 during mid-day trading on Friday, hitting C$3.23. 1,207,212 shares of the company were exchanged, compared to its average volume of 981,178. Kelt Exploration has a 1-year low of C$3.13 and a 1-year high of C$9.56. The company has a current ratio of 0.45, a quick ratio of 0.44 and a debt-to-equity ratio of 30.48. The firm’s 50 day simple moving average is C$3.85. The stock has a market cap of $596.31 million and a PE ratio of 35.89.
Kelt Exploration (TSE:KEL) last announced its quarterly earnings data on Wednesday, May 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.02. The business had revenue of C$102.59 million for the quarter, compared to analysts’ expectations of C$106.30 million. On average, equities research analysts expect that Kelt Exploration will post 0.15 EPS for the current year.
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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.
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