Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$352,876.80 in Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 48,000 shares of Kelt Exploration stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total transaction of C$352,876.80.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.47, for a total value of C$336,150.00.

Kelt Exploration Trading Down 1.4 %

TSE KEL opened at C$7.30 on Friday. The stock has a market cap of C$1.43 billion, a P/E ratio of 22.12 and a beta of 1.93. The company’s fifty day simple moving average is C$6.86 and its 200-day simple moving average is C$6.44. 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 52 week low of C$5.01 and a 52 week high of C$7.59.

Kelt Exploration (TSE:KEL) last announced its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The company had revenue of C$107.88 million for the quarter. Equities research analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KEL shares. CIBC raised their price objective on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. National Bankshares lifted their price target on shares of Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. BMO Capital Markets increased their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, Scotiabank lifted their target price on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$9.50.

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.