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

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

Kelt Exploration Price Performance

TSE KEL traded up C$0.38 during trading hours on Monday, reaching C$9.45. The company’s stock had a trading volume of 455,738 shares, compared to its average volume of 606,554. The stock has a market cap of C$1.91 billion, a PE ratio of 42.95 and a beta of -0.29. Kelt Exploration Ltd. has a fifty-two week low of C$5.96 and a fifty-two week high of C$10.29. The company’s 50-day moving average is C$9.26 and its two-hundred day moving average is C$8.41. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.61 and a current ratio of 0.52.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. The firm had revenue of C$132.64 million for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. Analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. TD Securities increased their price objective on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Royal Bank Of Canada increased their price objective on shares of Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. BMO Capital Markets increased their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, Ventum Financial set a C$12.50 price objective on shares of Kelt Exploration and gave the company a “buy” rating in a research note on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.