Kelt Exploration Ltd (TSE:KEL) – Investment analysts at Cormark increased their Q1 2018 earnings estimates for shares of Kelt Exploration in a note issued to investors on Friday. Cormark analyst A. Arif now expects that the oil and gas exploration company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.03. Cormark also issued estimates for Kelt Exploration’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.17 EPS.

A number of other equities analysts also recently issued reports on KEL. National Bank Financial decreased their price target on shares of Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating for the company in a research note on Friday, November 10th. Raymond James Financial increased their price target on shares of Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research note on Friday, November 10th. Scotiabank decreased their price target on shares of Kelt Exploration from C$10.00 to C$9.25 and set an “outperform” rating for the company in a research note on Friday, November 10th. TD Securities increased their price target on shares of Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, CSFB increased their price target on shares of Kelt Exploration from C$7.25 to C$8.50 in a research note on Monday, November 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$9.53.

Kelt Exploration (KEL) opened at C$6.99 on Monday. Kelt Exploration has a one year low of C$5.56 and a one year high of C$8.20. The stock has a market cap of $1,250.00, a PE ratio of -233.00 and a beta of 0.93.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Thursday, November 9th. The oil and gas exploration company reported C($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.08) by C$0.02. Kelt Exploration had a negative net margin of 20.76% and a negative return on equity of 5.12%. The company had revenue of C$56.42 million during the quarter, compared to the consensus estimate of C$56.50 million.

In other Kelt Exploration news, insider David John Wilson bought 75,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of C$6.70 per share, with a total value of C$502,500.00. Also, Director Robert John Dales sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of C$7.20, for a total transaction of C$360,000.00. In the last ninety days, insiders have acquired 156,100 shares of company stock valued at $1,061,788 and have sold 178,996 shares valued at $1,335,914.

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About Kelt Exploration

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

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