Kelt Exploration (TSE:KEL) Trading Down 4.1% – Time to Sell?

Shares of Kelt Exploration Ltd. (TSE:KEL) dropped 4.1% on Tuesday . The stock traded as low as C$6.45 and last traded at C$6.58. Approximately 66,749 shares traded hands during trading, a decline of 78% from the average daily volume of 306,348 shares. The stock had previously closed at C$6.86.

Analysts Set New Price Targets

KEL has been the topic of a number of recent analyst reports. National Bankshares dropped their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. CIBC lifted their target price on Kelt Exploration from C$8.50 to C$10.00 in a research note on Monday, July 15th. Finally, Scotiabank raised their price objective on shares of Kelt Exploration from C$9.50 to C$10.00 in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$8.97.

Kelt Exploration Stock Down 5.7 %

The firm has a market capitalization of C$1.27 billion, a PE ratio of 19.58 and a beta of 1.93. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm’s 50 day moving average price is C$6.19 and its two-hundred day moving average price is C$6.13.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 earnings per share for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million during the quarter. As a group, research analysts forecast that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Insider Activity at Kelt Exploration

In other Kelt Exploration news, Director Michael Shea sold 15,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. Also, Director Michael Shea sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total value of C$91,200.00. 15.87% of the stock is currently owned by insiders.

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.