- Kelt Exploration‘s average production for Q3 was 37,710 barrels of oil equivalent per day (boe/d), marking a 16% increase year-over-year, but it fell short of the estimated 40,780 boe/d.
- Crude oil production was 8,281 barrels per day (b/d), which is a 6.2% decrease from the previous year, missing the estimate of 10,451 b/d.
- Natural Gas Liquids (NGL) production saw a significant rise to 5,388 barrels per day, a 75% increase year-over-year, surpassing the estimated 4,726 barrels per day.
- Gas production reached 144,243 thousand cubic feet per day (Mcf/d), up 17% year-over-year.
- Net capital expenditures, excluding acquisitions and dispositions, were C$89.8 million, reflecting a 9.4% increase year-over-year.
- Analyst consensus is highly favorable with 9 buy ratings, and no hold or sell recommendations.
A look at Kelt Exploration Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 assessed Kelt Exploration Ltd using their Smart Scores, which provide an overall outlook for the company across key factors. With a strong Value score of 4, Kelt Exploration is perceived favorably in terms of its stock price compared to its intrinsic value. However, the company received a lower score of 1 in the Dividend category, indicating potential weakness in its dividend payouts. Looking at Growth, Resilience, and Momentum, Kelt Exploration received scores of 3 across the board, suggesting moderate prospects for growth, stability in challenging environments, and steady upward price trends, respectively.
Kelt Exploration Ltd, an oil and gas exploration and production company, holds properties in Grande Cache and Karr, Alberta, as well as in Inga, British Columbia. Despite receiving a mixed bag of Smart Scores, the company’s operations and resources in these regions paint a picture of a diversified energy player with assets in key Canadian locations. Investors interested in Kelt Exploration may find the company’s focus on value and potential for growth intriguing, although its dividend performance may raise some concerns.
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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