Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 10,270 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg sold 10,270 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total transaction of C$73,430.50.

Kelt Exploration Stock Performance

Shares of KEL opened at C$6.93 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. Kelt Exploration Ltd. has a 12 month low of C$5.01 and a 12 month high of C$7.30. The firm has a fifty day simple moving average of C$6.47 and a 200 day simple moving average of C$6.20. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 21.00 and a beta of 1.93.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. National Bankshares reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank lifted their price objective on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.