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

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

Kelt Exploration Stock Performance

Shares of TSE KEL opened at C$6.24 on Friday. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 18.91 and a beta of 1.93. The firm’s 50-day moving average price is C$6.54 and its two-hundred day moving average price is C$6.27. Kelt Exploration Ltd. has a 52-week low of C$5.01 and a 52-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:KELGet Free Report) last released 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. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The business had revenue of C$107.88 million during the quarter. As a group, sell-side analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KEL. BMO Capital Markets boosted their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Scotiabank boosted their price objective 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. Finally, National Bankshares increased their target price on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$9.06.

Check Out Our Latest Analysis on Kelt Exploration

About Kelt Exploration

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Kelt Exploration (TSE:KEL)

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