Patrick William George Miles Sells 48,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 48,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total transaction of C$352,876.80.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Stock Performance

KEL opened at C$7.43 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 22.52 and a beta of 1.93. The business’s 50-day moving average price is C$6.79 and its two-hundred day moving average price is C$6.41. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.59.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KEL. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. CIBC upped their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Scotiabank lifted their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Finally, National Bankshares upped their price objective on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration presently has an average rating of “Buy” and an average target price of C$9.50.

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 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.