- Kelt Exploration‘s earnings per share (EPS) for the second quarter were C$0.16, significantly higher than last year’s C$0.050 and exceeding the estimated C$0.10.
- The company reported average production of 38,734 barrels of oil equivalent per day (boe/d), marking a 26% increase from the previous year, though slightly below the estimated 40,412 boe/d.
- Crude oil production increased by 12% year-over-year to 8,508 barrels per day (b/d), but fell short of the estimate of 10,267 b/d.
- Natural gas liquids (NGL) production rose by 75% year-over-year to 5,371 barrels per day (b/d), surpassing the estimate of 4,931 b/d.
- Gas production was reported at 149,128 thousand cubic feet per day (Mcf/d), showing a 24% rise compared to the previous year.
- Net capital expenditures, adjusted for acquisitions and divestments, totaled C$91.0 million, representing a 23% increase from last year.
- Analyst recommendations for Kelt Exploration are overwhelmingly positive, with 9 buys and no holds or sells.
A look at Kelt Exploration Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Kelt Exploration a promising long-term outlook, with strong scores in several key areas. With high marks in Value, Resilience, and Momentum, Kelt Exploration appears to be well-positioned for future growth and stability in the oil and gas sector. These scores suggest that the company may offer good value for investors, has shown resilience in navigating market challenges, and has positive momentum that could attract further interest.
Kelt Exploration Ltd, an oil and gas exploration and production company with properties in Alberta and British Columbia, received mixed scores in Dividend and Growth. While the company may not be a top choice for dividend-focused investors due to its low score in that area, its moderate score in Growth indicates potential for future development. Overall, Kelt Exploration‘s strong performance in Value, Resilience, and Momentum point towards a promising outlook, showcasing its capabilities and potential in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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