Douglas Owen Macarthur Sells 10,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$7.22, for a total transaction of C$72,243.00.

Douglas Owen Macarthur also recently made the following trade(s):

• On Monday, November 18th, Douglas Owen Macarthur sold 4,700 shares of Kelt Exploration stock. The stock was sold at an average price of C$6.88, for a total transaction of C$32,336.00.
• On Friday, November 15th, Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00.

Kelt Exploration Trading Up 2.5 %

TSE:KEL opened at C$7.28 on Monday. The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of 22.06 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.59. The business has a fifty day moving average of C$6.76 and a 200-day moving average of C$6.40.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on KEL shares. National Bankshares raised their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. CIBC increased their target price on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday. BMO Capital Markets boosted their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Finally, Scotiabank increased their price objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Kelt Exploration currently has an average rating of “Buy” and an average price target of C$9.50.

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.