Kelt Exploration (TSE:KEL) Insider Sells C$402,500.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Sadiq Lalani sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$8.05, for a total value of C$402,500.00. Following the completion of the transaction, the insider owned 1,845,000 shares of the company’s stock, valued at approximately C$14,852,250. This represents a 2.64% decrease in their ownership of the stock.

Kelt Exploration Stock Down 3.2%

Shares of TSE KEL traded down C$0.26 during trading hours on Friday, hitting C$7.80. The company had a trading volume of 582,178 shares, compared to its average volume of 503,691. The stock has a market capitalization of C$1.55 billion, a P/E ratio of 26.90 and a beta of -0.51. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. Kelt Exploration Ltd. has a 1-year low of C$4.90 and a 1-year high of C$8.23. The firm’s 50 day moving average is C$7.62 and its 200-day moving average is C$7.18.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. The firm 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%. On average, analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TD Securities set a C$9.50 price objective on Kelt Exploration and gave the company a “buy” rating in a research report on Tuesday, January 6th. CIBC raised their price target on 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, the company presently has a consensus rating of “Buy” and an average target price of C$9.63.

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.