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

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

Kelt Exploration Price Performance

Shares of TSE KEL opened at C$6.80 on Friday. Kelt Exploration Ltd. has a 1 year low of C$5.45 and a 1 year high of C$7.59. The stock has a market capitalization of C$1.35 billion, a P/E ratio of 24.10 and a beta of 1.93. The company’s 50-day moving average is C$6.66 and its 200 day moving average is C$6.61. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. CIBC boosted their price objective on shares of Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Scotiabank boosted their price target on Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets increased their price objective on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Finally, National Bankshares lifted 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.

Kelt Exploration Company Profile

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.