Kelt Exploration Ltd. (TSE:KEL - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.57 and traded as low as C$6.27. Kelt Exploration shares last traded at C$6.31, with a volume of 687,668 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KEL shares. BMO Capital Markets upped their target price on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. CIBC upped their price objective on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. Scotiabank upped their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Finally, National Bankshares upped their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kelt Exploration currently has a consensus rating of "Buy" and a consensus price target of C$9.64.
Check Out Our Latest Report on KEL
Kelt Exploration Stock Up 0.2 %
The firm has a 50-day moving average price of C$6.93 and a 200 day moving average price of C$6.58. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of 22.19 and a beta of 1.93.
Insider Buying and Selling
In other Kelt Exploration news, Senior Officer David A. Gillis sold 10,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$7.48, for a total value of C$74,800.00. Also, Senior Officer Patrick William George Miles sold 48,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total value of C$352,876.80. Insiders have sold 123,000 shares of company stock valued at $911,270 over the last 90 days. 15.87% of the stock is owned by corporate insiders.
Kelt Exploration Company Profile
(
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.
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