Kelt Exploration (TSE:KEL) Insider Sells C$864,450.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Alan Franks sold 85,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$10.17, for a total value of C$864,450.00. Following the completion of the sale, the insider directly owned 19,158 shares of the company’s stock, valued at approximately C$194,836.86. This represents a 81.61% decrease in their ownership of the stock.

Kelt Exploration Stock Up 4.6%

Shares of Kelt Exploration stock opened at C$10.08 on Thursday. The stock has a 50-day moving average price of C$9.36 and a 200 day moving average price of C$8.54. The company has a market cap of C$2.02 billion, a P/E ratio of 45.82 and a beta of -0.20. The company has a current ratio of 0.52, a quick ratio of 0.61 and a debt-to-equity ratio of 12.86. Kelt Exploration Ltd. has a 1 year low of C$5.96 and a 1 year high of C$10.40.

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. The firm had revenue of C$132.64 million during the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%. As a group, analysts expect that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Kelt Exploration

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.