Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$336,150.00 in Stock

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

Kelt Exploration Price Performance

KEL stock opened at C$7.31 on Friday. The stock has a market capitalization of C$1.43 billion, a PE ratio of 22.15 and a beta of 1.93. The company’s 50-day moving average is C$6.68 and its 200-day moving average is C$6.36. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. 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 released its quarterly earnings data 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%. Equities research analysts expect that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KEL. BMO Capital Markets increased their price objective 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 shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Scotiabank upped 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 report on Wednesday, October 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Kelt Exploration has a consensus rating of “Buy” and a consensus 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.