Bruce Douglas Gigg Sells 10,270 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

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

Kelt Exploration Trading Down 2.1 %

TSE KEL opened at C$6.93 on Friday. The firm has a market capitalization of C$1.36 billion, a PE ratio of 21.00 and a beta of 1.93. The business’s 50-day moving average price is C$6.47 and its two-hundred day moving average price is C$6.20. 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 12 month low of C$5.01 and a 12 month high of C$7.30.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KEL shares. Scotiabank upped their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. National Bankshares reduced their price target on Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company 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.