Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 18,300 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 18,300 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$6.80, for a total value of C$124,440.00.

Kelt Exploration Stock Performance

TSE KEL opened at C$6.79 on Friday. The firm has a market capitalization of C$1.33 billion, a P/E ratio of 20.58 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The firm’s fifty day moving average price is C$6.38 and its two-hundred day moving average price is C$6.17. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.49.

Kelt Exploration (TSE:KEL) last issued 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 company had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, research analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. National Bankshares cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank boosted their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kelt Exploration presently has a consensus rating of “Buy” and an average target price of C$8.97.

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.