Kelt Exploration (TSE:KEL) Reaches New 52-Week High – Should You Buy?

Shares of Kelt Exploration Ltd. (TSE:KEL) reached a new 52-week high on Monday . The company traded as high as C$7.35 and last traded at C$7.35, with a volume of 45129 shares trading hands. The stock had previously closed at C$7.10.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Finally, National Bankshares upped their target price on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration currently has a consensus rating of “Buy” and a consensus price target of C$9.06.

Kelt Exploration Trading Up 1.6 %

The stock has a market capitalization of C$1.45 billion, a PE ratio of 22.45 and a beta of 1.93. The company’s 50 day moving average price is C$6.64 and its two-hundred day moving average price is C$6.34. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Bruce Douglas Gigg sold 10,270 shares of Kelt Exploration stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total transaction of C$73,430.50. Also, Senior Officer Douglas Owen Macarthur sold 4,700 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$6.88, for a total value of C$32,336.00. Over the last 90 days, insiders have sold 43,270 shares of company stock valued at $299,207. 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.