Kelt Exploration (TSE:KEL) Hits New 52-Week High – Should You Buy?

by · The Cerbat Gem

Kelt Exploration Ltd. (TSE:KEL – Get Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as C$9.09 and last traded at C$8.81, with a volume of 93822 shares trading hands. The stock had previously closed at C$8.68.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Canadian Imperial Bank of Commerce lifted their target price on Kelt Exploration from C$10.50 to C$11.00 in a report on Friday, November 14th. TD Securities set a C$9.50 target price on shares of Kelt Exploration and gave the stock a “buy” rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kelt Exploration presently has an average rating of “Buy” and an average target price of C$9.63.

Read Our Latest Stock Report on KEL

Kelt Exploration Price Performance

The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The stock has a market cap of C$1.75 billion, a PE ratio of 30.24 and a beta of -0.36. The firm has a 50-day moving average of C$7.90 and a 200-day moving average of C$7.32.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, insider Sadiq Lalani sold 50,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$8.05, for a total value of C$402,500.00. Following the transaction, the insider owned 1,845,000 shares of the company’s stock, valued at C$14,852,250. This represents a 2.64% decrease in their position. Also, insider Bruce Douglas Gigg sold 80,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$8.09, for a total transaction of C$647,200.00. Following the completion of the transaction, the insider owned 224,574 shares in the company, valued at approximately C$1,816,803.66. The trade was a 26.27% decrease in their ownership of the stock. In the last 90 days, insiders sold 224,500 shares of company stock worth $1,808,529. 15.87% of the stock is currently owned by company insiders.

Kelt Exploration Company Profile

(Get Free Report)

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.

Featured Stories