Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 7,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KELGet Free Report) Senior Officer Bruce Douglas Gigg sold 7,000 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$6.20, for a total transaction of C$43,400.00.

Bruce Douglas Gigg also recently made the following trade(s):

  • On Tuesday, April 9th, Bruce Douglas Gigg sold 30,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00.
  • On Wednesday, April 3rd, Bruce Douglas Gigg sold 27,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.09, for a total transaction of C$164,430.00.

Kelt Exploration Price Performance

Shares of KEL traded up C$0.11 during mid-day trading on Friday, hitting C$6.30. 370,537 shares of the company were exchanged, compared to its average volume of 274,756. The company has a 50 day moving average of C$6.08 and a 200-day moving average of C$5.99. Kelt Exploration Ltd. has a 1-year low of C$5.01 and a 1-year high of C$8.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.59. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 15.00 and a beta of 2.08.

Kelt Exploration (TSE:KELGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. The firm had revenue of C$126.39 million during the quarter. Analysts expect that Kelt Exploration Ltd. will post 0.4507257 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KEL. CIBC upped their price objective on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. BMO Capital Markets set a C$8.50 price objective on shares of Kelt Exploration and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. TD Securities upgraded shares of Kelt Exploration from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. ATB Capital decreased their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Finally, National Bankshares upped their price objective on shares of Kelt Exploration from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$8.69.

Get Our Latest Stock Analysis on KEL

Kelt Exploration Company Profile

(Get Free Report)

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.

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