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

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 45,000 shares of the firm’s stock in a transaction dated 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 Down 2.0 %

TSE:KEL opened at C$7.31 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of 22.15 and a beta of 1.93. Kelt Exploration Ltd. has a 52 week low of C$5.01 and a 52 week high of C$7.59. The firm has a 50-day moving average price of C$6.68 and a two-hundred day moving average price of C$6.36.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. The firm had revenue of C$107.88 million during the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. On average, equities analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KEL shares. Scotiabank raised their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. National Bankshares raised their price target on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets raised their price target on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$9.06.

About Kelt Exploration

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.