Kelt Exploration Ltd. (TSE:KEL – Get Free Report)’s share price 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 224368 shares changing hands. The stock had previously closed at C$10.70.
Analyst Upgrades and Downgrades
Separately, Scotia set a C$13.00 target price on shares of Kelt Exploration and gave the company 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, Kelt Exploration presently has a consensus rating of “Buy” and a consensus target price of C$11.42.
Get Our Latest Stock Analysis on KEL
Kelt Exploration Price Performance
Kelt Exploration (TSE:KEL – Get Free Report) last released 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 during the quarter. On average, equities analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Patrick William George Miles sold 26,683 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the sale, the insider owned 911,855 shares of the company’s stock, valued at approximately C$8,680,859.60. This trade represents a 2.84% decrease in their position. 15.87% of the stock is currently owned by corporate insiders.
About Kelt Exploration
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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