Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 45,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 45,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Trading Down 0.4 %

KEL opened at C$7.46 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. Kelt Exploration Ltd. has a 52 week low of C$5.01 and a 52 week high of C$7.55. The business’s 50 day moving average is C$6.66 and its two-hundred day moving average is C$6.35. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of 22.61 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last released its quarterly 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 firm had revenue of C$107.88 million during the quarter. On average, research analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on KEL. BMO Capital Markets lifted their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares upped their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Scotiabank increased their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration presently has a consensus rating of “Buy” and an average target price of C$9.06.

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.