Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells 10,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$7.52, for a total transaction of C$75,200.00.

William Charles Guinan also recently made the following trade(s):

• On Wednesday, November 20th, William Charles Guinan sold 10,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.90, for a total transaction of C$69,000.00.

Kelt Exploration Trading Down 0.4 %

Shares of KEL stock opened at C$7.46 on Friday. The firm has a market capitalization of C$1.46 billion, a PE ratio of 22.61 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.55. The stock has a fifty day moving average of C$6.66 and a two-hundred day moving average of C$6.35.

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 (EPS) for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$107.88 million during the quarter. As a group, research analysts expect that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KEL. National Bankshares lifted their target price on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets upped their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Finally, Scotiabank raised their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the company 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.com, Kelt Exploration currently has a consensus rating of “Buy” and an average target price 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.