Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles Sells 48,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$7.35, for a total value of C$352,876.80.

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

• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Stock Down 0.4 %

Shares of TSE:KEL opened at C$7.40 on Thursday. 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 stock has a fifty day simple moving average of C$6.83 and a two-hundred day simple moving average of C$6.43. Kelt Exploration Ltd. has a 12-month low of C$5.01 and a 12-month high of C$7.59. The stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 22.42 and a beta of 1.93.

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

Wall Street Analysts Forecast Growth

KEL has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares lifted their price target on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. CIBC increased their price objective on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Finally, Scotiabank boosted their target price on shares of Kelt Exploration from C$10.50 to C$11.50 in a report on Friday, January 17th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$9.50.

Kelt Exploration Company Profile

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.