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

Kelt Exploration Ltd. (TSE:KEL) Director David John Wilson bought 100,000 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of C$9.06 per share, for a total transaction of C$906,000.00. Following the acquisition, the director directly owned 21,183,040 shares in the company, valued at approximately C$191,918,342.40. The trade was a 0.47% increase in their ownership of the stock.

Kelt Exploration Price Performance

Shares of TSE:KEL opened at C$9.88 on Wednesday. Kelt Exploration Ltd. has a 1-year low of C$5.96 and a 1-year high of C$10.29. The firm has a market capitalization of C$2.00 billion, a PE ratio of 44.91 and a beta of -0.29. The business’s 50 day moving average is C$9.26 and its 200-day moving average is C$8.42. The company has a current ratio of 0.52, a quick ratio of 0.61 and a debt-to-equity ratio of 12.86.

Kelt Exploration (TSE:KEL) 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 company had revenue of C$132.64 million for the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%. Sell-side analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analysts Set New Price Targets

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

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.