Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells C$75,200.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$7.52, for a total transaction of C$75,200.00.

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

• On Wednesday, November 20th, William Charles Guinan sold 10,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$6.90, for a total value of C$69,000.00.

Kelt Exploration Stock Down 2.0 %

Shares of TSE KEL opened at C$7.31 on Friday. The company’s 50 day moving average price is C$6.68 and its 200-day moving average price is C$6.36. 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 52-week low of C$5.01 and a 52-week high of C$7.59. The company has a market capitalization of C$1.43 billion, a P/E ratio of 22.15 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. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The business had revenue of C$107.88 million for the quarter. Equities analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.