Douglas Owen Macarthur Sells 10,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 10,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$7.22, for a total transaction of C$72,243.00.

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

• On Monday, November 18th, Douglas Owen Macarthur sold 4,700 shares of Kelt Exploration stock. The stock was sold at an average price of C$6.88, for a total transaction of C$32,336.00.
• On Friday, November 15th, Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock. The stock was sold at an average price of C$6.80, for a total transaction of C$124,440.00.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$7.28 on Friday. The company has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 22.06 and a beta of 1.93. The firm’s 50 day simple moving average is C$6.76 and its 200 day simple moving average is C$6.40. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration Ltd. has a fifty-two week low of C$5.01 and a fifty-two week high of C$7.59.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. As a group, 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 research analyst reports. National Bankshares increased their price objective 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. Scotiabank raised their target price on shares of Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday. BMO Capital Markets raised their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Finally, CIBC raised their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday. Seven research 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 a consensus price target of C$9.38.

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.