Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Jeffery Errico Acquires 5,500 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Jeffery Errico purchased 5,500 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of C$6.78 per share, for a total transaction of C$37,290.00.

Kelt Exploration Stock Up 0.7 %

Shares of KEL stock opened at C$6.75 on Thursday. Kelt Exploration Ltd. has a 1 year low of C$5.45 and a 1 year high of C$7.59. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The business’s fifty day moving average is C$6.68 and its 200-day moving average is C$6.59. The stock has a market cap of C$1.34 billion, a PE ratio of 23.93 and a beta of 1.93.

Wall Street Analyst Weigh In

KEL has been the topic of several analyst reports. CIBC raised their target price on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Scotiabank raised their price target on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets upped their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Finally, National Bankshares raised their target price 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 Thursday, January 30th.

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.