Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$352,876.80 in Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 48,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$7.35, for a total transaction of C$352,876.80.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$7.40 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$7.59. The stock has a market cap of C$1.45 billion, a price-to-earnings ratio of 22.42 and a beta of 1.93. The business has a 50-day moving average price of C$6.83 and a 200-day moving average price of C$6.43.

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. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The company had revenue of C$107.88 million during the quarter. Equities analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on KEL shares. CIBC increased their price objective on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. National Bankshares increased their price target on 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 boosted their price target on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Finally, BMO Capital Markets increased their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Kelt Exploration currently has a consensus rating of “Buy” and a consensus target price of C$9.50.

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.