Insider Selling: Kelt Exploration (TSE:KEL) Insider Sells 56,666 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 56,666 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$9.90, for a total value of C$560,993.40. Following the transaction, the insider directly owned 911,855 shares of the company’s stock, valued at approximately C$9,027,364.50. The trade was a 5.85% decrease in their ownership of the stock.

Patrick William George Miles also recently made the following trade(s):

• On Friday, May 15th, Patrick William George Miles sold 50,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$9.90, for a total value of C$495,000.00.
• On Friday, March 27th, Patrick William George Miles sold 72,600 shares of Kelt Exploration stock. The stock was sold at an average price of C$9.40, for a total value of C$682,440.00.

Kelt Exploration Price Performance

TSE KEL traded up C$0.21 during mid-day trading on Tuesday, hitting C$10.21. The stock had a trading volume of 455,503 shares, compared to its average volume of 592,989. The firm’s 50 day moving average is C$9.16 and its 200 day moving average is C$8.25. Kelt Exploration Ltd. has a twelve month low of C$5.96 and a twelve month high of C$10.26. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.52 and a quick ratio of 0.61. The stock has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 46.41 and a beta of -0.29.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%.The firm had revenue of C$132.64 million during the quarter. Equities research analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on KEL shares. TD Securities increased their price objective on Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Ventum Financial set a C$12.50 target price on Kelt Exploration and gave the stock a “buy” rating in a research note on Tuesday, March 24th. BMO Capital Markets raised their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Finally, Royal Bank Of Canada raised their target price on Kelt Exploration from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kelt Exploration currently has an average rating of “Buy” and a consensus price target of C$11.10.

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.