Kelt Exploration (TSE:KEL) Reaches New 52-Week High – Here’s Why

Posted by Francis Steltz on May 20th, 2026

Kelt Exploration Ltd. (TSE:KEL – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$10.29 and last traded at C$10.27, with a volume of 41607 shares traded. The stock had previously closed at C$10.19.

Analyst Ratings Changes

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

Read Our Latest Research Report on KEL

Kelt Exploration Trading Down 2.1%

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 business’s 50 day moving average is C$9.19 and its 200-day moving average is C$8.27. The firm has a market cap of C$2.02 billion, a P/E ratio of 45.36 and a beta of -0.29.

Kelt Exploration (TSE:KEL – Get Free Report) last released its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. The firm had revenue of C$132.64 million during the quarter. As a group, analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, insider Patrick William George Miles sold 50,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$9.90, for a total transaction of C$495,000.00. Following the completion of the sale, the insider owned 911,855 shares in the company, valued at C$9,027,364.50. The trade was a 5.20% decrease in their ownership of the stock. Also, insider Alan G. Franks sold 7,500 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of C$8.84, for a total transaction of C$66,300.00. Following the sale, the insider owned 19,158 shares of the company’s stock, valued at approximately C$169,356.72. The trade was a 28.13% decrease in their position. Insiders sold a total of 191,135 shares of company stock worth $1,843,355 over the last 90 days. Insiders own 15.87% of the company’s stock.

Kelt Exploration Company Profile

(Get Free Report)

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.