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

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

Kelt Exploration Stock Performance

Shares of TSE:KEL traded down C$0.09 during trading on Wednesday, reaching C$6.15. The company had a trading volume of 249,470 shares, compared to its average volume of 309,796. 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 debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The stock’s fifty day moving average price is C$6.56 and its 200 day moving average price is C$6.27. 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.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on KEL. Scotiabank increased their target price 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. BMO Capital Markets increased their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Finally, National Bankshares cut their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$9.03.

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.