Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 48,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 48,000 shares of Kelt Exploration stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$7.35, for a total transaction of C$352,876.80.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Stock Down 0.4 %

TSE KEL opened at C$7.40 on Thursday. Kelt Exploration Ltd. has a 12 month low of C$5.01 and a 12 month high of C$7.59. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The stock has a market cap of C$1.45 billion, a PE ratio of 22.42 and a beta of 1.93. The stock’s 50 day moving average is C$6.83 and its 200 day moving average is C$6.43.

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 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%. Research analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KEL. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. National Bankshares upped 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. CIBC boosted their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Finally, Scotiabank increased their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$9.50.

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.