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

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

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at C$7.31 on Friday. Kelt Exploration Ltd. has a 52 week low of C$5.01 and a 52 week high of C$7.59. The company has a market capitalization of C$1.43 billion, a PE ratio of 22.15 and a beta of 1.93. The stock’s fifty day moving average is C$6.69 and its two-hundred day moving average is C$6.37. 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 posted its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The company had revenue of C$107.88 million for the quarter. As a group, analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Wall Street Analyst Weigh In

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