Insider Selling: Kelt Exploration (TSE:KEL) Insider Sells 72,600 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 72,600 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$9.40, for a total transaction of C$682,440.00. Following the completion of the transaction, the insider directly owned 911,855 shares in the company, valued at C$8,571,437. This trade represents a 7.37% decrease in their ownership of the stock.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 28th, Patrick William George Miles sold 200 shares of Kelt Exploration stock. The shares were sold at an average price of C$8.00, for a total value of C$1,600.00.
• On Thursday, January 29th, Patrick William George Miles sold 94,300 shares of Kelt Exploration stock. The shares were sold at an average price of C$8.03, for a total value of C$757,229.00.

Kelt Exploration Trading Down 1.3%

Kelt Exploration stock traded down C$0.12 during trading on Monday, reaching C$9.26. 424,493 shares of the company were exchanged, compared to its average volume of 552,740. Kelt Exploration Ltd. has a 52-week low of C$4.90 and a 52-week high of C$9.62. The company has a market capitalization of C$1.86 billion, a P/E ratio of 29.87 and a beta of -0.16. The company has a debt-to-equity ratio of 15.87, a current ratio of 1.00 and a quick ratio of 0.61. The stock’s 50 day simple moving average is C$8.51 and its two-hundred day simple moving average is C$7.65.

Kelt Exploration (TSE:KEL) last issued its earnings results 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 5.65% and a net margin of 12.56%.The company had revenue of C$132.64 million during the quarter. On average, equities research analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KEL shares. Royal Bank Of Canada raised their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. BMO Capital Markets increased their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company 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 stock a “buy” rating in a report on Tuesday, March 24th. Finally, TD Securities lifted 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 research report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kelt Exploration has a consensus rating of “Buy” and a consensus target price of C$10.67.

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.