Kelt Exploration Ltd (KEL) Expected to Post Q3 2017 Earnings of ($0.05) Per Share

Kelt Exploration Ltd (TSE:KEL) – Research analysts at Cormark issued their Q3 2017 earnings estimates for shares of Kelt Exploration in a research report issued on Thursday. Cormark analyst A. Arif anticipates that the oil and gas exploration company will post earnings of ($0.05) per share for the quarter. Cormark also issued estimates for Kelt Exploration’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.08) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.03 EPS.

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A number of other equities research analysts also recently issued reports on KEL. Royal Bank Of Canada increased their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. CSFB reissued a “neutral” rating and issued a C$7.00 price target on shares of Kelt Exploration in a report on Thursday, May 11th. BMO Capital Markets increased their price target on shares of Kelt Exploration from C$7.50 to C$8.25 in a report on Thursday, May 11th. TD Securities increased their price target on shares of Kelt Exploration from C$9.00 to C$9.50 and gave the stock an “action list buy” rating in a report on Thursday, May 11th. Finally, Raymond James Financial, Inc. lowered their price target on shares of Kelt Exploration from C$10.00 to C$9.50 and set a “strong-buy” rating on the stock in a report on Thursday, May 11th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$8.40.

Kelt Exploration (TSE:KEL) opened at 6.03 on Monday. The company has a 50-day moving average of $6.25 and a 200-day moving average of $6.45. The company’s market cap is $978.67 million. Kelt Exploration has a 52-week low of $4.66 and a 52-week high of $7.70.

In other news, Director Robert John Dales purchased 5,000 shares of the stock in a transaction dated Tuesday, July 4th. The shares were purchased at an average cost of C$6.31 per share, with a total value of C$31,550.00.

About Kelt Exploration

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, 2016, the company owned interests in approximately 856,754 net acres of developed and undeveloped land.

Earnings History and Estimates for Kelt Exploration (TSE:KEL)

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