Insider Buying: Kelt Exploration Ltd. (TSE:KEL) Senior Officer 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 bought at an average cost of C$6.78 per share, for a total transaction of C$37,290.00.

Kelt Exploration Stock Performance

Shares of TSE KEL opened at C$6.75 on Thursday. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration Ltd. has a one year low of C$5.45 and a one year high of C$7.59. The business’s 50-day moving average price is C$6.68 and its two-hundred day moving average price is C$6.59. The company has a market capitalization of C$1.34 billion, a P/E ratio of 23.93 and a beta of 1.93.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. CIBC upped their target price on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets upped their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares raised their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Scotiabank upped their target price on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th.

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.