Kelt Exploration (TSE:KEL) Director David John Wilson Acquires 100,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Director David John Wilson purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of C$9.06 per share, for a total transaction of C$906,000.00. Following the purchase, the director owned 21,183,040 shares in the company, valued at C$191,918,342.40. This represents a 0.47% increase in their ownership of the stock.

Kelt Exploration Trading Up 4.3%

TSE:KEL opened at C$9.46 on Tuesday. The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of 43.00 and a beta of -0.29. The company has a quick ratio of 0.61, a current ratio of 0.52 and a debt-to-equity ratio of 12.86. The company’s 50 day moving average price is C$9.26 and its 200-day moving average price is C$8.42. Kelt Exploration Ltd. has a 52 week low of C$5.96 and a 52 week high of C$10.29.

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

Analysts Set New Price Targets

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

Kelt Exploration Company Profile

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.