Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur Sells 45,000 Shares

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$6.50, for a total transaction of C$292,500.00.

Douglas Owen Macarthur also recently made the following trade(s):

• On Monday, January 13th, Douglas Owen Macarthur sold 10,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.22, for a total transaction of C$72,243.00.

Kelt Exploration Stock Down 0.4 %

KEL stock opened at C$6.64 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. Kelt Exploration Ltd. has a fifty-two week low of C$5.45 and a fifty-two week high of C$7.59. The firm’s 50-day simple moving average is C$6.70 and its 200 day simple moving average is C$6.59. The stock has a market cap of C$1.31 billion, a PE ratio of 23.54 and a beta of 1.93.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KEL shares. Scotiabank raised their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. CIBC increased their price objective on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Finally, National Bankshares increased their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th.

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.