Kelt Exploration (TSE:KEL) Insider Sells C$647,200.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Bruce Douglas Gigg sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$8.09, for a total value of C$647,200.00. Following the transaction, the insider directly owned 224,574 shares in the company, valued at approximately C$1,816,803.66. This represents a 26.27% decrease in their position.

Kelt Exploration Trading Up 2.0%

KEL traded up C$0.16 during trading on Friday, hitting C$8.29. 471,562 shares of the stock were exchanged, compared to its average volume of 539,333. Kelt Exploration Ltd. has a 1 year low of C$4.90 and a 1 year high of C$8.71. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of 28.59 and a beta of -0.36. The firm has a 50 day simple moving average of C$7.68 and a 200 day simple moving average of C$7.22. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50.

Kelt Exploration (TSE:KEL) last posted its earnings results on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. The company had revenue of C$100.14 million for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%. As a group, equities analysts expect that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KEL. TD Securities set a C$9.50 target price on shares of Kelt Exploration and gave the company a “buy” rating in a research report on Tuesday, January 6th. Canadian Imperial Bank of Commerce increased their price objective on shares of Kelt Exploration from C$10.50 to C$11.00 in a report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kelt Exploration currently has an average rating of “Buy” and a consensus price target of C$9.63.

About Kelt Exploration

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.