Douglas Jeffery Errico Purchases 5,500 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Jeffery Errico bought 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of C$6.78 per share, for a total transaction of C$37,290.00.

Kelt Exploration Price Performance

Shares of KEL stock opened at C$6.74 on Friday. The stock’s fifty day simple moving average is C$6.65 and its 200 day simple moving average is C$6.61. Kelt Exploration Ltd. has a one year low of C$5.45 and a one year high of C$7.59. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of 23.89 and a beta of 1.93. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank raised their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets raised their target price on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. CIBC boosted their price target on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Finally, National Bankshares raised their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th.

Kelt Exploration Company Profile

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.