Insider Buying: Kelt Exploration Ltd. (TSE:KEL) Director Purchases C$3,974,245.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director David John Wilson acquired 656,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of C$6.05 per share, with a total value of C$3,974,245.00.

Kelt Exploration Trading Up 1.0 %

Shares of KEL stock opened at C$6.24 on Friday. The stock has a 50-day simple moving average of C$6.54 and a 200 day simple moving average of C$6.27. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 18.91 and a beta of 1.93. Kelt Exploration Ltd. has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.20. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The company had revenue of C$107.88 million during the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. On average, sell-side analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KEL shares. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Scotiabank lifted their price objective on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, National Bankshares increased their target price on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$9.06.

About Kelt Exploration

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.