Patrick William George Miles Sells 45,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. 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$7.46 on Friday. The firm’s 50-day moving average is C$6.66 and its two-hundred day moving average is C$6.35. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61. Kelt Exploration Ltd. has a 1 year low of C$5.01 and a 1 year high of C$7.55. The firm has a market capitalization of C$1.46 billion, a PE ratio of 22.61 and a beta of 1.93.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share (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 during the quarter. Analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on KEL. National Bankshares raised their target price on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets raised their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, Scotiabank upped their target price on shares of 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kelt Exploration currently has an average rating of “Buy” and a consensus price target of C$9.06.

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.