Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 4,700 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 4,700 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$6.88, for a total transaction of C$32,336.00.

Douglas Owen Macarthur also recently made the following trade(s):

• On Friday, November 15th, Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00.

Kelt Exploration Stock Down 0.4 %

Shares of KEL traded down C$0.03 during mid-day trading on Monday, hitting C$6.76. 329,057 shares of the company traded hands, compared to its average volume of 310,361. Kelt Exploration Ltd. has a 1-year low of C$5.01 and a 1-year high of C$7.49. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The company has a market capitalization of C$1.32 billion, a PE ratio of 20.48 and a beta of 1.93. The business has a 50 day moving average of C$6.38 and a 200 day moving average of C$6.17.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The company had revenue of C$107.88 million for the quarter. Equities research analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on KEL shares. Scotiabank increased their price target on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. National Bankshares cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus 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.