Kelt Exploration Ltd. (TSE:KEL – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$11.00 and last traded at C$10.95, with a volume of 76045 shares. The stock had previously closed at C$10.91.
Wall Street Analyst Weigh In
Separately, Scotia set a C$13.00 target price on Kelt Exploration and gave the stock a “sector outperform” rating in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$11.42.
View Our Latest Stock Report on KEL
Kelt Exploration Stock Performance
Kelt Exploration (TSE:KEL – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%.The business had revenue of C$193.42 million for the quarter. On average, equities research analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Patrick William George Miles sold 26,683 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total value of C$254,022.16. Following the transaction, the insider owned 911,855 shares in the company, valued at approximately C$8,680,859.60. This trade represents a 2.84% decrease in their ownership of the stock. Also, insider Alan G. Franks sold 85,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$10.17, for a total value of C$864,450.00. Following the completion of the transaction, the insider owned 19,158 shares in the company, valued at C$194,836.86. The trade was a 81.61% decrease in their position. Corporate insiders own 15.87% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Kelt Exploration
- Insider Confidence Is Building in These 3 Very Different Stocks
- The SaaSpocalypse Trade Is Cracking, and These 5 Stocks Are Leading Higher
- Microsoft’s Split Verdict Tests Investing Without a Fed Safety Net
- Broadcom’s Earnings Test Comes With a Higher Bar After NVIDIA’s Blowout
Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.
