Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$124,440.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 18,300 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$6.80, for a total transaction of C$124,440.00.

Kelt Exploration Stock Up 0.3 %

KEL stock opened at C$6.79 on Monday. 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 company’s 50-day moving average price is C$6.38 and its 200 day moving average price is C$6.17. Kelt Exploration Ltd. has a 52 week low of C$5.01 and a 52 week high of C$7.49. The company has a market cap of C$1.33 billion, a P/E ratio of 20.58 and a beta of 1.93.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KEL. National Bankshares dropped their price target on Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Scotiabank upped their price target on Kelt Exploration from C$10.00 to C$10.50 and gave the stock 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, Kelt Exploration currently has an average rating of “Buy” and an average 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.