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

Kelt Exploration Ltd. (TSE:KEL – Get Free Report) Director David John Wilson acquired 100,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of C$9.06 per share, for a total transaction of C$906,000.00. Following the completion of the acquisition, the director owned 21,183,040 shares in the company, valued at approximately C$191,918,342.40. This trade represents a 0.47% increase in their ownership of the stock.

Kelt Exploration Trading Up 4.2%

Shares of KEL stock traded up C$0.38 during trading hours on Monday, hitting C$9.45. 455,738 shares of the company were exchanged, compared to its average volume of 606,554. The firm has a market cap of C$1.91 billion, a PE ratio of 42.95 and a beta of -0.29. Kelt Exploration Ltd. has a 1 year low of C$5.96 and a 1 year high of C$10.29. 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 firm has a fifty day moving average of C$9.26 and a 200 day moving average of C$8.41.

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Kelt Exploration (TSE:KEL – Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. The business had revenue of C$132.64 million for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. Analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analysts Set New Price Targets

KEL has been the topic of several recent analyst reports. Ventum Financial set a C$12.50 price objective on shares of Kelt Exploration and gave the stock a “buy” rating in a report on Tuesday, March 24th. BMO Capital Markets increased their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. TD Securities increased their target price on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. 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 research report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kelt Exploration has a consensus rating of “Buy” and a consensus target price of C$11.10.

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About Kelt Exploration

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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.

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