Kelt Exploration (TSE:KEL) Insider Bruce Douglas Gigg Sells 80,000 Shares

Kelt Exploration Ltd. (TSE:KEL) insider Bruce Douglas Gigg sold 80,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$8.09, for a total transaction of C$647,200.00. Following the completion of the sale, the insider directly owned 224,574 shares in the company, valued at approximately C$1,816,803.66. This represents a 26.27% decrease in their position.

Kelt Exploration Stock Performance

Shares of KEL opened at C$8.29 on Friday. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 28.59 and a beta of -0.36. Kelt Exploration Ltd. has a 12 month low of C$4.90 and a 12 month high of C$8.71. The firm has a fifty day simple moving average of C$7.68 and a 200 day simple moving average of C$7.21. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, November 13th. The oil and gas exploration company reported C($0.04) EPS for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%.The business had revenue of C$100.14 million for the quarter. Research analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Canadian Imperial Bank of Commerce upped their target price on Kelt Exploration from C$10.50 to C$11.00 in a report on Friday, November 14th. TD Securities set a C$9.50 price objective on Kelt Exploration and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$9.63.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.