Kelt Exploration (TSE:KEL) Director Acquires C$906,000.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director David John Wilson acquired 100,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of C$9.06 per share, with a total value of C$906,000.00. Following the acquisition, the director owned 21,183,040 shares in the company, valued at approximately C$191,918,342.40. The trade was a 0.47% increase in their position.

Kelt Exploration Stock Performance

Shares of KEL opened at C$10.17 on Thursday. Kelt Exploration Ltd. has a 12 month low of C$5.96 and a 12 month high of C$10.40. The stock has a fifty day moving average price of C$9.30 and a 200-day moving average price of C$8.45. The company has a current ratio of 0.52, a quick ratio of 0.61 and a debt-to-equity ratio of 12.86. The firm has a market cap of C$2.06 billion, a PE ratio of 46.23 and a beta of -0.29.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%.The firm had revenue of C$132.64 million during the quarter. Equities research analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analyst Ratings Changes

KEL has been the topic of a number of research analyst reports. TD Securities boosted their price target on Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Ventum Financial set a C$12.50 price target on Kelt Exploration and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada boosted their price target on Kelt Exploration from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, BMO Capital Markets boosted their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$11.10.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.