Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells C$69,000.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$6.90, for a total transaction of C$69,000.00.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$6.93 on Friday. Kelt Exploration Ltd. has a 12 month low of C$5.01 and a 12 month high of C$7.30. The company’s fifty day simple moving average is C$6.45 and its 200-day simple moving average is C$6.19. The firm has a market cap of C$1.36 billion, a PE ratio of 21.00 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 (TSE:KEL) last issued its earnings results 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 Analyst Weigh In

A number of brokerages recently weighed in on KEL. National Bankshares lowered their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Scotiabank boosted their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$8.97.

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.