Alan Franks Sells 85,000 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Alan Franks sold 85,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$10.17, for a total value of C$864,450.00. Following the completion of the transaction, the insider directly owned 19,158 shares in the company, valued at C$194,836.86. This represents a 81.61% decrease in their ownership of the stock.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock traded up C$0.28 on Monday, reaching C$10.00. 167,713 shares of the stock were exchanged, compared to its average volume of 613,644. The business has a 50 day moving average price of C$9.33 and a two-hundred day moving average price of C$8.49. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 45.45 and a beta of -0.20. Kelt Exploration Ltd. has a twelve month low of C$5.96 and a twelve month high of C$10.40. The company has a quick ratio of 0.61, a current ratio of 0.52 and a debt-to-equity ratio of 12.86.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. The company had revenue of C$132.64 million during the quarter. Analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KEL. BMO Capital Markets increased their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. TD Securities upped their price target on Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Royal Bank Of Canada boosted their price objective on Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Monday, April 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 report on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$11.10.

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.