Kelt Exploration Ltd (TSE:KEL) – Investment analysts at Cormark raised their Q2 2019 earnings estimates for shares of Kelt Exploration in a report released on Monday, April 29th. Cormark analyst G. Ursu now anticipates that the oil and gas exploration company will earn $0.03 per share for the quarter, up from their prior forecast of ($0.01). Cormark also issued estimates for Kelt Exploration’s Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at $0.12 EPS and FY2020 earnings at ($0.04) EPS.
Several other brokerages have also issued reports on KEL. CIBC lifted their target price on shares of Kelt Exploration from C$8.00 to C$9.00 in a research report on Tuesday, April 23rd. BMO Capital Markets set a C$8.00 target price on shares of Kelt Exploration and gave the company an “outperform” rating in a research report on Thursday, April 18th. Eight Capital lifted their target price on shares of Kelt Exploration from C$7.50 to C$7.75 in a research report on Monday, February 25th. Canaccord Genuity reiterated a “buy” rating and set a C$10.00 target price on shares of Kelt Exploration in a research report on Friday, March 1st. Finally, TD Securities boosted their price objective on shares of Kelt Exploration from C$7.50 to C$8.00 in a report on Friday, February 22nd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Kelt Exploration has an average rating of “Buy” and an average target price of C$8.73.
Shares of Kelt Exploration stock opened at C$5.54 on Wednesday. Kelt Exploration has a 1 year low of C$3.97 and a 1 year high of C$10.01. The company has a market cap of $1.03 billion and a price-to-earnings ratio of 135.50. The company has a debt-to-equity ratio of 27.67, a current ratio of 0.68 and a quick ratio of 0.62.
Kelt Exploration (TSE:KEL) last announced its earnings results on Wednesday, March 6th. The oil and gas exploration company reported C$0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.02. The company had revenue of C$100.35 million for the quarter, compared to the consensus estimate of C$104.20 million.
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.