Key Points
- Director David John Wilson bought 100,000 Kelt Exploration shares at C$9.06 each, totaling C$906,000. His direct holdings increased to 21,183,040 shares after the purchase.
- Kelt Exploration recently reported quarterly earnings of C$0.09 EPS on revenue of C$132.64 million, while analysts expect about 0.522 EPS for the current year.
- Wall Street sentiment remains positive, with four analysts rating the stock a Buy and a consensus target price of C$11.10, above the recent trading price.
Kelt Exploration Ltd. (TSE:KEL - Get Free Report) Director David John Wilson bought 100,000 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were 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 position.
Kelt Exploration Price Performance
TSE:KEL opened at C$9.46 on Tuesday. The firm has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 43.00 and a beta of -0.29. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.52 and a quick ratio of 0.61. The business has a 50 day simple moving average of C$9.26 and a 200-day simple moving average of C$8.42. Kelt Exploration Ltd. has a 1 year low of C$5.96 and a 1 year high of C$10.29.
Kelt Exploration (TSE:KEL - Get Free Report) last released its quarterly earnings results 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%. Equities analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms recently commented on KEL. TD Securities lifted their price target on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the stock a "buy" rating in a research note on Friday, March 13th. Ventum Financial set a C$12.50 price objective on shares of Kelt Exploration and gave the company a "buy" rating in a research report on Tuesday, March 24th. Royal Bank Of Canada increased their price objective on Kelt Exploration from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Monday, April 13th. Finally, BMO Capital Markets lifted their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$11.10.
Get Our Latest Stock Analysis on Kelt Exploration
Kelt Exploration Company Profile
(
Get Free Report)
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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