Kelt Exploration Ltd. (TSE:KEL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.07 and traded as high as C$6.31. Kelt Exploration shares last traded at C$6.29, with a volume of 479,977 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. CIBC increased their price target on Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$9.00.
Check Out Our Latest Stock Report on KEL
Kelt Exploration Price Performance
Kelt Exploration (TSE:KEL – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. The business had revenue of C$109.09 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, research analysts anticipate that Kelt Exploration Ltd. will post 0.4791667 EPS for the current year.
Insider Activity at Kelt Exploration
In related news, Director Michael Shea sold 15,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total value of C$91,200.00. In related news, Director Michael Shea sold 15,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total value of C$91,200.00. Also, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. 15.91% of the stock is currently owned by insiders.
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.
See Also
- Five stocks we like better than Kelt Exploration
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- Most active stocks: Dollar volume vs share volume
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for Kelt Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration and related companies with MarketBeat.com's FREE daily email newsletter.