David John Wilson Purchases 40,000 Shares of Kelt Exploration Ltd (TSE:KEL) Stock

Kelt Exploration Ltd (TSE:KEL) Director David John Wilson purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of C$2.88 per share, with a total value of C$115,300.00. Following the completion of the acquisition, the director now directly owns 11,169,190 shares in the company, valued at C$32,195,190.18.

David John Wilson also recently made the following trade(s):

  • On Friday, August 23rd, David John Wilson purchased 20,000 shares of Kelt Exploration stock. The shares were acquired at an average cost of C$2.62 per share, with a total value of C$52,450.00.
  • On Monday, August 19th, David John Wilson purchased 41,100 shares of Kelt Exploration stock. The shares were acquired at an average cost of C$2.88 per share, with a total value of C$118,368.00.

KEL traded down C$0.14 during mid-day trading on Friday, reaching C$2.57. The stock had a trading volume of 1,056,200 shares, compared to its average volume of 991,819. The stock has a market capitalization of $473.48 million and a P/E ratio of 25.70. The company has a debt-to-equity ratio of 36.75, a quick ratio of 0.42 and a current ratio of 0.44. The firm’s fifty day simple moving average is C$3.52 and its two-hundred day simple moving average is C$4.64. Kelt Exploration Ltd has a 52 week low of C$2.53 and a 52 week high of C$9.56.

KEL has been the subject of a number of recent analyst reports. Eight Capital dropped their price target on Kelt Exploration from C$7.75 to C$7.00 in a report on Friday, August 9th. Royal Bank of Canada dropped their price target on Kelt Exploration from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Raymond James reaffirmed a “strong-buy” rating and set a C$7.00 price target on shares of Kelt Exploration in a report on Friday, August 9th. CIBC dropped their price target on Kelt Exploration from C$9.00 to C$6.50 in a report on Thursday, July 18th. Finally, Canaccord Genuity dropped their price target on Kelt Exploration from C$10.00 to C$8.00 in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Kelt Exploration currently has an average rating of “Buy” and an average target price of C$7.05.

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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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Insider Buying and Selling by Quarter for Kelt Exploration (TSE:KEL)

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