Q1 2018 EPS Estimates for Kelt Exploration Ltd (KEL) Raised by Cormark

Kelt Exploration Ltd (TSE:KEL) – Equities research analysts at Cormark raised their Q1 2018 earnings per share (EPS) estimates for shares of Kelt Exploration in a research note issued on Friday. Cormark analyst A. Arif now expects that the oil and gas exploration company will post earnings of $0.05 per share for the quarter, up from their prior estimate 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.

KEL has been the subject of a number of other research reports. CIBC upped their target price on Kelt Exploration from C$9.00 to C$10.00 in a report on Tuesday, January 23rd. TD Securities upped their target price on Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Scotiabank lowered their target price on Kelt Exploration from C$10.00 to C$9.25 and set an “outperform” rating for the company in a report on Friday, November 10th. Raymond James Financial upped their target price on Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a report on Friday, November 10th. Finally, National Bank Financial lowered their target price on Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating for the company in a report on Friday, November 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Kelt Exploration has a consensus rating of “Buy” and a consensus price target of C$9.53.

Shares of Kelt Exploration (TSE KEL) opened at C$7.01 on Monday. The stock has a market capitalization of $1,250.00, a P/E ratio of -233.67 and a beta of 0.93. Kelt Exploration has a twelve month low of C$5.56 and a twelve month high of C$8.20.

In other news, insider Ashley Dawn Hohm sold 5,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$7.20, for a total transaction of C$36,000.00. Also, insider Douglas Owen Macarthur sold 25,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of C$7.72, for a total value of C$193,000.00. In the last 90 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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Kelt Exploration Company Profile

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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