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 value of C$124,440.00.

Kelt Exploration Trading Up 0.3 %

Shares of KEL opened at C$6.79 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. The company has a market cap of C$1.33 billion, a price-to-earnings ratio of 20.58 and a beta of 1.93. The stock has a fifty day moving average price of C$6.38 and a two-hundred day moving average price of C$6.17. Kelt Exploration Ltd. has a 52-week low of C$5.01 and a 52-week high of C$7.49.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS 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. Analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on KEL shares. Scotiabank boosted their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. National Bankshares reduced their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average 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.