Kelt Exploration Ltd reports results for the quarter ended December 31 - Earnings Summary

• Kelt Exploration Ltd KEL.TO reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The lone analyst forecast for the quarter was for earnings of 30 cents per share.

• Revenue rose 4% to C$115.51 million from a year ago.

• Kelt Exploration Ltd's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of C$13.8 million.

• Kelt Exploration Ltd shares had fallen by 10.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Kelt Exploration Ltd is C$9.00

This summary was machine generated from LSEG data March 13 at 01:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)