Kelt Exploration (TSE:KEL) Director Sells C$204,200.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of C$10.21, for a total value of C$204,200.00. Following the completion of the transaction, the director directly owned 1,154,459 shares in the company, valued at approximately C$11,787,026.39. This trade represents a 1.70% decrease in their position.

Kelt Exploration Trading Down 2.3%

TSE:KEL traded down C$0.23 during midday trading on Wednesday, hitting C$9.96. The stock had a trading volume of 441,914 shares, compared to its average volume of 595,004. Kelt Exploration Ltd. has a one year low of C$5.96 and a one year high of C$10.29. The company has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 45.27 and a beta of -0.29. The stock has a 50-day moving average of C$9.19 and a 200 day moving average of C$8.27. The company has a quick ratio of 0.61, a current ratio of 0.52 and a debt-to-equity ratio of 12.86.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%.The company had revenue of C$132.64 million for the quarter. As a group, sell-side analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KEL. BMO Capital Markets increased their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Ventum Financial set a C$12.50 price target on shares of Kelt Exploration and gave the company a “buy” rating in a report on Tuesday, March 24th. TD Securities raised their price target on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada raised their price target on shares of Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$11.10.

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.