Insider Buying: Kelt Exploration Ltd. (TSE:KEL) Director Buys 656,900 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) Director David John Wilson acquired 656,900 shares of Kelt Exploration stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of C$6.05 per share, with a total value of C$3,974,245.00.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$6.15 on Thursday. Kelt Exploration Ltd. has a 12-month low of C$5.01 and a 12-month high of C$7.20. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 18.64 and a beta of 1.93. The business has a 50 day simple moving average of C$6.56 and a 200 day simple moving average of C$6.27. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$107.88 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. On average, equities research analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analysts Forecast Growth


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Several analysts have recently commented on KEL shares. BMO Capital Markets lifted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. National Bankshares lowered their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Finally, Scotiabank increased their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$9.03.

Check Out Our Latest Report on Kelt Exploration

Kelt Exploration Company Profile

(Get Free Report)

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.

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