Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$74,800.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer David A. Gillis sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$7.48, for a total value of C$74,800.00.

Kelt Exploration Stock Performance

TSE KEL traded down C$0.15 on Friday, hitting C$7.31. The stock had a trading volume of 327,351 shares, compared to its average volume of 333,075. The company’s 50-day moving average is C$6.68 and its two-hundred day moving average is C$6.36. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 22.15 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$7.59.

Kelt Exploration (TSE:KEL) last announced 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 firm had revenue of C$107.88 million for the quarter. On average, analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. Scotiabank increased their price target on shares of 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. Finally, National Bankshares boosted their price objective 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. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$9.06.

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.