Kelt Exploration (TSE:KEL) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Kelt Exploration Ltd. (TSE:KEL)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.12 and traded as high as C$6.93. Kelt Exploration shares last traded at C$6.86, with a volume of 360,107 shares traded.

Wall Street Analysts Forecast Growth

KEL has been the topic of a number of recent research reports. Scotiabank upped their target price on Kelt Exploration from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday. National Bankshares reduced their price objective on Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday, September 27th. Finally, CIBC lifted their price objective on Kelt Exploration from C$8.50 to C$10.00 in a research report on Monday, July 15th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$9.03.

Kelt Exploration Price Performance

The company has a 50 day moving average of C$6.20 and a 200 day moving average of C$6.13. 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 stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 19.30 and a beta of 1.93.

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

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$6.12, for a total transaction of C$183,600.00. In other news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$6.12, for a total value 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. Insiders own 15.87% of the company’s stock.

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.