Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells 10,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00.

William Charles Guinan also recently made the following trade(s):

• On Wednesday, November 20th, William Charles Guinan sold 10,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00.

Kelt Exploration Stock Up 1.1 %

Shares of Kelt Exploration stock traded up C$0.08 on Wednesday, hitting C$7.49. 306,222 shares of the company’s stock traded hands, compared to its average volume of 327,250. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm’s 50-day moving average is C$6.64 and its 200 day moving average is C$6.34. The stock has a market cap of C$1.47 billion, a P/E ratio of 22.70 and a beta of 1.93. Kelt Exploration Ltd. has a 52-week low of C$5.01 and a 52-week high of C$7.54.

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

Analyst Ratings Changes

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

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.