Kelt Exploration Ltd. (TSE:KEL) Director Sells C$91,200.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director Michael Shea sold 15,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$6.08, for a total transaction of C$91,200.00.

Kelt Exploration Trading Down 2.0 %

Shares of KEL opened at C$5.99 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.59. 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 cap of C$1.17 billion, a price-to-earnings ratio of 14.26 and a beta of 2.08. The business’s fifty day moving average is C$6.08 and its 200-day moving average is C$5.93.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KEL. BMO Capital Markets set a C$8.50 price target on shares of Kelt Exploration and gave the company an “outperform” rating in a research report on Tuesday, April 9th. CIBC lifted their price objective on Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. National Bankshares increased their target price on Kelt Exploration from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Scotiabank boosted their price target on Kelt Exploration from C$9.50 to C$10.00 in a research note on Friday, July 12th. Finally, Cormark upped their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, May 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration presently has a consensus rating of “Buy” and an average price target of C$9.00.

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.