William Charles Guinan Sells 2,500 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 2,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$6.44, for a total value of C$16,100.00.

William Charles Guinan also recently made the following trade(s):

• On Wednesday, January 8th, William Charles Guinan sold 10,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00.

Kelt Exploration Trading Down 0.5 %

TSE:KEL traded down C$0.03 during midday trading on Tuesday, hitting C$6.42. The stock had a trading volume of 201,263 shares, compared to its average volume of 419,639. Kelt Exploration Ltd. has a one year low of C$5.45 and a one year high of C$7.59. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 22.76 and a beta of 1.93. The stock has a 50-day moving average of C$6.78 and a 200 day moving average of C$6.58. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KEL. Scotiabank upped their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets upped their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. CIBC increased their price target on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Finally, National Bankshares increased their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$9.64.

About Kelt Exploration

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.