Insider Selling: Kelt Exploration (TSE:KEL) Insider Sells C$34,060.52 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider David Gillis sold 3,853 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of C$8.84, for a total transaction of C$34,060.52. Following the transaction, the insider directly owned 78,821 shares of the company’s stock, valued at C$696,777.64. This represents a 4.66% decrease in their ownership of the stock.

Kelt Exploration Price Performance

Shares of KEL opened at C$8.79 on Thursday. The stock has a market capitalization of C$1.76 billion, a P/E ratio of 28.35 and a beta of -0.28. Kelt Exploration Ltd. has a twelve month low of C$4.90 and a twelve month high of C$9.62. The company has a 50 day moving average of C$8.69 and a 200-day moving average of C$7.77. The company has a quick ratio of 0.61, a current ratio of 1.00 and a debt-to-equity ratio of 15.87.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. Kelt Exploration had a net margin of 12.56% and a return on equity of 5.65%. The company had revenue of C$132.64 million during the quarter. As a group, equities research analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KEL has been the subject of several analyst reports. TD Securities raised their target price on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Friday, March 13th. BMO Capital Markets raised their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Royal Bank Of Canada raised their target price on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, Ventum Financial set a C$12.50 target price on shares of Kelt Exploration and gave the company a “buy” rating in a research note on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$10.90.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.