Patrick William George Miles Sells 45,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 45,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$7.47, for a total value of C$336,150.00.

Kelt Exploration Stock Up 1.1 %

KEL stock opened at C$7.49 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50. Kelt Exploration Ltd. has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.54. The stock’s 50 day simple moving average is C$6.64 and its 200 day simple moving average is C$6.34. The company has a market cap of C$1.47 billion, a P/E ratio of 22.70 and a beta of 1.93.

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

Wall Street Analyst Weigh In

KEL has been the subject of several recent research reports. National Bankshares boosted their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Scotiabank boosted their price objective on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets upped their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$9.06.

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.