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

Kelt Exploration logo with Energy background

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) 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 transaction of C$336,150.00.

Kelt Exploration Trading Up 1.1 %

KEL traded up C$0.08 on Wednesday, reaching C$7.49. 501,006 shares of the company traded hands, compared to its average volume of 369,227. The company has a market cap of C$1.47 billion, a P/E ratio of 22.70 and a beta of 1.93. 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 one year low of C$5.01 and a one year high of C$7.54. The firm has a fifty day simple moving average of C$6.64 and a two-hundred day simple moving average of C$6.34.

Kelt Exploration (TSE:KEL - Get Free Report) last issued its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The business had revenue of C$107.88 million during the quarter. As a group, equities research analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analyst Ratings Changes

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

View Our Latest Report on Kelt Exploration

About Kelt Exploration

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Kelt Exploration (TSE:KEL)

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