Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 18,300 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00.

Kelt Exploration Stock Up 0.3 %

TSE:KEL traded up C$0.02 during trading hours on Friday, reaching C$6.79. The company’s stock had a trading volume of 332,737 shares, compared to its average volume of 310,274. The stock has a 50 day moving average price of C$6.35 and a two-hundred day moving average price of C$6.17. 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 12 month low of C$5.01 and a 12 month high of C$7.49. The company has a market capitalization of C$1.33 billion, a P/E ratio of 20.52 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last released 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 net margin of 16.02% and a return on equity of 6.72%. The business had revenue of C$107.88 million for the quarter. Equities analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KEL. Scotiabank lifted their price target on 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 lowered their target price on Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kelt Exploration has a consensus rating of “Buy” and an average target price of C$8.97.

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.