Kelt Exploration Ltd (TSE:KEL) insider Sadiq Lalani acquired 3,029 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were acquired at an average cost of C$5.95 per share, for a total transaction of C$18,022.55.

Kelt Exploration Ltd (TSE:KEL) remained flat at $6.00 during trading on Monday. The stock had a trading volume of 360,567 shares. The company’s market capitalization is $1.05 billion. Kelt Exploration Ltd has a 52-week low of $3.42 and a 52-week high of $7.49. The stock’s 50 day moving average is $6.18 and its 200-day moving average is $6.24.

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Several analysts recently commented on the company. TD Securities raised their price objective on Kelt Exploration from C$9.00 to C$9.50 in a research note on Friday, January 6th. Royal Bank of Canada raised their price objective on Kelt Exploration from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research note on Friday, January 6th. National Bank Financial raised their price objective on Kelt Exploration from C$7.25 to C$8.25 and gave the stock an “outperform” rating in a research note on Thursday, January 5th. Scotiabank raised their price objective on Kelt Exploration from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, January 5th. Finally, Desjardins raised their price objective on Kelt Exploration from C$8.00 to C$8.50 in a research note on Thursday, January 5th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Kelt Exploration presently has an average rating of “Buy” and a consensus target price of C$8.36.

About Kelt Exploration

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

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