Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Jeffery Errico Sells 31,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Jeffery Errico sold 31,000 shares of the stock in a transaction that occurred on Tuesday, January 11th. The shares were sold at an average price of C$5.28, for a total transaction of C$163,680.00. Following the completion of the sale, the insider now owns 488,772 shares in the company, valued at C$2,580,716.16.

Shares of KEL opened at C$5.52 on Friday. The firm has a market cap of C$1.04 billion and a PE ratio of 12.05. The company’s fifty day moving average is C$4.78 and its two-hundred day moving average is C$4.12. Kelt Exploration Ltd. has a fifty-two week low of C$1.74 and a fifty-two week high of C$5.65. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.16.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Wednesday, November 10th. The oil and gas exploration company reported C$0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.03). The business had revenue of C$75.76 million for the quarter. As a group, equities research analysts anticipate that Kelt Exploration Ltd. will post 0.43 earnings per share for the current year.

A number of analysts recently issued reports on KEL shares. CIBC raised their target price on shares of Kelt Exploration from C$6.50 to C$7.00 in a research report on Thursday. Raymond James raised their target price on shares of Kelt Exploration from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration currently has a consensus rating of “Buy” and an average price target of C$5.25.

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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2019, its proved plus probable reserves were 461.0 million barrels of oil equivalent.

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