Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg Sells 10,270 Shares

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg sold 10,270 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$7.15, for a total transaction of C$73,430.50.

Kelt Exploration Price Performance

Shares of TSE KEL opened at C$6.93 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 stock has a fifty day simple moving average of C$6.47 and a two-hundred day simple moving average of C$6.20. Kelt Exploration Ltd. has a 1-year low of C$5.01 and a 1-year high of C$7.30. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of 21.00 and a beta of 1.93.

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

Wall Street Analyst Weigh In

KEL has been the subject of several analyst reports. National Bankshares lowered their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Scotiabank raised 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Kelt Exploration currently has a consensus rating of “Buy” and an average price target of C$8.97.

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.