Kelt Exploration Ltd. (TSE:KEL) Director David John Wilson Buys 656,900 Shares

Kelt Exploration Ltd. (TSE:KEL) Director David John Wilson bought 656,900 shares of Kelt Exploration stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of C$6.05 per share, for a total transaction of C$3,974,245.00.

Kelt Exploration Stock Up 0.5 %

Shares of Kelt Exploration stock opened at C$6.18 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The stock has a market cap of C$1.21 billion, a price-to-earnings ratio of 18.73 and a beta of 1.93. The firm’s 50-day moving average is C$6.55 and its two-hundred day moving average is C$6.27. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.20.

Kelt Exploration (TSE:KEL) 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. The firm had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, research analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KEL. Scotiabank upped their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets boosted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, National Bankshares raised their target price on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$9.06.

About Kelt Exploration

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.