Kelt Exploration (TSE:KEL) Sets New 52-Week High – Here’s What Happened

Kelt Exploration Ltd. (TSE:KEL)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$7.35 and last traded at C$7.35, with a volume of 45129 shares trading hands. The stock had previously closed at C$7.10.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. National Bankshares boosted their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Scotiabank upped their price objective on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets boosted their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$9.06.

Kelt Exploration Stock Up 2.3 %

The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of 22.00 and a beta of 1.93. The stock has a 50 day simple moving average of C$6.61 and a 200 day simple moving average of C$6.32. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The business had revenue of C$107.88 million during the quarter. As a group, analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Insider Transactions at Kelt Exploration

In related news, Director David John Wilson bought 656,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of C$6.05 per share, with a total value of C$3,974,245.00. Also, Senior Officer Douglas Owen Macarthur sold 18,300 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00. Insiders sold a total of 43,270 shares of company stock valued at $299,207 over the last three months. Corporate insiders own 15.87% of the company’s stock.

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.