Douglas Owen Macarthur Sells 4,700 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 4,700 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$6.88, for a total transaction of C$32,336.00.

Douglas Owen Macarthur also recently made the following trade(s):

• On Friday, November 15th, Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00.

Kelt Exploration Trading Down 0.4 %

Shares of KEL traded down C$0.03 during trading hours on Monday, reaching C$6.76. 329,057 shares of the company traded hands, compared to its average volume of 310,361. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 20.48 and a beta of 1.93. Kelt Exploration Ltd. has a 12-month low of C$5.01 and a 12-month high of C$7.49. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average price is C$6.38 and its 200 day moving average price is C$6.17.

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

Wall Street Analysts Forecast Growth

KEL has been the topic of a number of analyst reports. National Bankshares cut their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank boosted their target price on shares of Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$8.97.

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.