Kelt Exploration Ltd. (TSE:KEL) Director Sells C$69,000.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 10,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$6.90, for a total value of C$69,000.00.

Kelt Exploration Stock Up 2.5 %

KEL stock opened at C$7.08 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of C$1.39 billion, a PE ratio of 21.18 and a beta of 1.93. Kelt Exploration Ltd. has a 1-year low of C$5.01 and a 1-year high of C$7.30. The business’s 50 day simple moving average is C$6.43 and its 200 day simple moving average is C$6.18.

Kelt Exploration (TSE:KEL) last posted its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$107.88 million for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, research analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KEL. Scotiabank lifted their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. National Bankshares dropped their target price on Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Seven 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$8.97.

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.