Kelt Exploration Ltd (KEL) Insider David John Wilson Buys 7,700 Shares

Kelt Exploration Ltd (TSE:KEL) insider David John Wilson purchased 7,700 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were purchased at an average cost of C$4.18 per share, with a total value of C$32,186.00.

David John Wilson also recently made the following trade(s):

  • On Monday, December 3rd, David John Wilson purchased 50,000 shares of Kelt Exploration stock. The shares were purchased at an average cost of C$4.52 per share, with a total value of C$226,000.00.
  • On Wednesday, November 14th, David John Wilson purchased 210,000 shares of Kelt Exploration stock. The shares were purchased at an average cost of C$4.73 per share, with a total value of C$993,300.00.

KEL traded up C$0.06 on Friday, hitting C$4.21. 910,900 shares of the company were exchanged, compared to its average volume of 828,452. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.48 and a current ratio of 0.52. Kelt Exploration Ltd has a fifty-two week low of C$4.04 and a fifty-two week high of C$10.01.

Kelt Exploration (TSE:KEL) last issued its earnings results on Friday, November 9th. The oil and gas exploration company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.04). The business had revenue of C$100.22 million for the quarter, compared to the consensus estimate of C$111.40 million. On average, sell-side analysts predict that Kelt Exploration Ltd will post 0.139999991228916 earnings per share for the current year.

Several research analysts recently issued reports on the stock. CIBC cut their price target on shares of Kelt Exploration from C$10.00 to C$9.00 in a report on Thursday, November 22nd. Royal Bank of Canada lowered their target price on shares of Kelt Exploration from C$11.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Eight Capital lowered their target price on shares of Kelt Exploration from C$11.00 to C$10.50 in a research report on Monday, November 12th. Raymond James lowered their target price on shares of Kelt Exploration from C$12.50 to C$11.50 and set a “strong-buy” rating on the stock in a research report on Monday, November 12th. Finally, TD Securities lowered their target price on shares of Kelt Exploration from C$12.00 to C$9.50 and set a “buy” rating on the stock in a research report on Monday, November 12th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$10.66.

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Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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