Insider Buying: Kelt Exploration Ltd (KEL) Director Acquires 1,500 Shares of Stock

Kelt Exploration Ltd (TSE:KEL) Director Geraldine Louise Greenall acquired 1,500 shares of the stock in a transaction dated Thursday, January 18th. The stock was bought at an average price of C$7.60 per share, for a total transaction of C$11,400.00.

Kelt Exploration Ltd (TSE KEL) opened at C$8.03 on Wednesday. The company has a market capitalization of $1,440.00, a price-to-earnings ratio of -267.67 and a beta of 0.93. Kelt Exploration Ltd has a 12-month low of C$5.56 and a 12-month high of C$8.07.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 9th. The oil and gas exploration company reported C($0.06) EPS for the quarter, topping the consensus estimate of C($0.08) by C$0.02. Kelt Exploration had a negative return on equity of 5.12% and a negative net margin of 20.76%.

Several equities research analysts have recently issued reports on KEL shares. National Bank Financial lowered their price objective on shares of Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating on the stock in a research note on Friday, November 10th. TD Securities raised their target price on Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Raymond James Financial raised their target price on Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research report on Friday, November 10th. Scotiabank raised their target price on Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research report on Tuesday, October 10th. Finally, CIBC raised their target price on Kelt Exploration from C$9.00 to C$10.00 in a research report on Tuesday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$9.33.

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About Kelt Exploration

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

Insider Buying and Selling by Quarter for Kelt Exploration (TSE:KEL)

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