Kelt Exploration Ltd (KEL) Insider Sadiq Lalani Acquires 3,029 Shares
Kelt Exploration Ltd (TSE:KEL) insider Sadiq Lalani acquired 3,029 shares of Kelt Exploration stock in a transaction that occurred on Monday, March 20th. The stock was acquired at an average cost of C$5.95 per share, for a total transaction of C$18,022.55.
Shares of Kelt Exploration Ltd (TSE:KEL) remained flat at $6.00 during mid-day trading on Monday. The company’s stock had a trading volume of 360,567 shares. The stock’s market cap is $1.05 billion. The stock has a 50-day moving average of $6.18 and a 200 day moving average of $6.24. Kelt Exploration Ltd has a one year low of $3.42 and a one year high of $7.49.
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Several analysts recently weighed in on KEL shares. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a C$10.00 price objective on shares of Kelt Exploration in a research note on Thursday, January 19th. Royal Bank of Canada reissued an “outperform” rating and issued a C$9.00 price objective on shares of Kelt Exploration in a research note on Thursday, January 19th. Desjardins boosted their price objective on shares of Kelt Exploration from C$7.50 to C$8.00 in a research note on Wednesday, December 21st. TD Securities boosted their price objective on shares of Kelt Exploration from C$9.00 to C$9.50 in a research note on Friday, January 6th. Finally, National Bank Financial boosted their price objective on shares of 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$8.36.
Kelt Exploration Company Profile
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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