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

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 48,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was 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 value of C$336,150.00.

Kelt Exploration Price Performance

Shares of TSE:KEL opened at C$7.43 on Wednesday. Kelt Exploration Ltd. has a one year low of C$5.01 and a one year high of C$7.59. The stock has a fifty day moving average of C$6.79 and a 200-day moving average of C$6.41. The company has a market capitalization of C$1.45 billion, a PE ratio of 22.52 and a beta of 1.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.50.

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. The company had revenue of C$107.88 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, equities analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KEL. Scotiabank boosted their price target on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. BMO Capital Markets upped their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. National Bankshares upped their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, CIBC upped their price objective on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and an average price target 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.