Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 5,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$6.32, for a total transaction of C$31,603.00.

Kelt Exploration Stock Down 1.1 %

Shares of KEL opened at C$6.05 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.59. The company has a 50-day simple moving average of C$6.09 and a 200-day simple moving average of C$5.90. Kelt Exploration Ltd. has a 52 week low of C$5.01 and a 52 week high of C$8.16. The firm has a market capitalization of C$1.18 billion, a P/E ratio of 14.40 and a beta of 2.08.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Kelt Exploration had a net margin of 19.11% and a return on equity of 8.41%. The firm had revenue of C$126.39 million during the quarter. On average, equities research analysts expect that Kelt Exploration Ltd. will post 0.4507257 earnings per share for the current year.

Analyst Ratings Changes

KEL has been the subject of a number of recent analyst reports. Cormark upped their target price on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, May 10th. CIBC raised their target price on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd. BMO Capital Markets set a C$8.50 price target on shares of Kelt Exploration and gave the company an “outperform” rating in a report on Tuesday, April 9th. National Bankshares lifted their price objective on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Finally, ATB Capital decreased their target price on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and an average price target of C$8.69.

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.