Kelt Exploration (TSE:KEL) Director William Charles Guinan Sells 20,000 Shares

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 20,000 shares of Kelt Exploration stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of C$10.21, for a total transaction of C$204,200.00. Following the sale, the director directly owned 1,154,459 shares in the company, valued at C$11,787,026.39. This trade represents a 1.70% decrease in their position.

Kelt Exploration Stock Performance

Kelt Exploration stock opened at C$9.94 on Thursday. Kelt Exploration Ltd. has a 12-month low of C$5.96 and a 12-month high of C$10.29. The company has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 45.18 and a beta of -0.29. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.52 and a quick ratio of 0.61. The firm’s fifty day moving average price is C$9.22 and its 200 day moving average price is C$8.30.

Kelt Exploration (TSE:KEL) last released 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 firm had revenue of C$132.64 million for the quarter. On average, research analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KEL. TD Securities raised their price objective on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, March 13th. BMO Capital Markets raised their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Ventum Financial set a C$12.50 price objective on shares of Kelt Exploration and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada raised their price objective on shares of Kelt Exploration from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kelt Exploration has a consensus rating of “Buy” and an average price target of C$11.10.

Kelt Exploration Company Profile

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.