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 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 Stock Up 0.3 %

Shares of KEL traded up C$0.02 during trading hours on Friday, reaching C$6.79. The company’s stock had a trading volume of 332,737 shares, compared to its average volume of 310,274. The company has a 50 day moving average of C$6.35 and a two-hundred day moving average of C$6.17. Kelt Exploration Ltd. has a 1-year low of C$5.01 and a 1-year high of C$7.49. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of 20.52 and a beta of 1.93. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

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

Analysts Set New Price Targets

A number of research firms have recently commented on KEL. National Bankshares cut their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research note on Friday, September 27th. Scotiabank upped their target price on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$8.97.

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.