Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 10,270 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg sold 10,270 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$7.15, for a total value of C$73,430.50.

Kelt Exploration Stock Performance

Kelt Exploration stock opened at C$6.93 on Monday. The company has a market cap of C$1.36 billion, a PE ratio of 21.00 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.30. The company’s 50-day moving average is C$6.47 and its two-hundred day moving average is C$6.20.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 EPS 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. Equities analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on KEL. 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. National Bankshares dropped their price objective on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.