Kelt Exploration Ltd. (TSE:KEL) Director Michael Shea Sells 30,000 Shares

Kelt Exploration Ltd. (TSE:KEL) Director Michael Shea sold 30,000 shares of Kelt Exploration stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$6.75, for a total transaction of C$202,500.00.

Kelt Exploration Price Performance

Shares of TSE:KEL opened at C$6.74 on Friday. The company’s fifty day moving average is C$6.65 and its 200 day moving average is C$6.61. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. Kelt Exploration Ltd. has a 52 week low of C$5.45 and a 52 week high of C$7.59. The stock has a market cap of C$1.33 billion, a PE ratio of 23.89 and a beta of 1.93.

Analysts Set New Price Targets

KEL has been the topic of several research reports. National Bankshares raised their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. CIBC lifted their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. Finally, Scotiabank increased their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th.

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.