Patrick William George Miles Sells 26,683 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 26,683 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total value of C$254,022.16. Following the transaction, the insider owned 911,855 shares in the company, valued at C$8,680,859.60. The trade was a 2.84% decrease in their ownership of the stock.

Kelt Exploration Stock Performance

Shares of KEL stock opened at C$9.54 on Friday. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 35.33 and a beta of -0.24. Kelt Exploration Ltd. has a 52 week low of C$5.96 and a 52 week high of C$10.45. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 15.69. The firm has a 50 day moving average of C$9.43 and a 200-day moving average of C$9.13.

Kelt Exploration (TSE:KEL) last released its quarterly earnings data on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share for the quarter. Kelt Exploration had a net margin of 9.66% and a return on equity of 4.95%. The company had revenue of C$193.42 million during the quarter. On average, equities analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Scotia set a C$13.00 price target on shares of Kelt Exploration and gave the company a “sector outperform” rating in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kelt Exploration presently has an average rating of “Buy” and an average price target of C$11.42.

Kelt Exploration Company Profile

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.