Insider Selling: Kelt Exploration (TSE:KEL) Director Sells C$204,200.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 20,000 shares of Kelt Exploration stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of C$10.21, for a total value of C$204,200.00. Following the completion of the transaction, the director directly owned 1,154,459 shares in the company, valued at approximately C$11,787,026.39. This represents a 1.70% decrease in their ownership of the stock.

Kelt Exploration Price Performance

Shares of KEL opened at C$9.96 on Friday. Kelt Exploration Ltd. has a 52-week low of C$5.96 and a 52-week high of C$10.29. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.61 and a current ratio of 0.52. The business’s 50 day moving average price is C$9.26 and its two-hundred day moving average price is C$8.33. The firm has a market cap of C$2.01 billion, a PE ratio of 45.27 and a beta of -0.29.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (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 for the quarter. On average, equities analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analyst Weigh In

KEL has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Ventum Financial set a C$12.50 price target on Kelt Exploration and gave the company a “buy” rating in a research note on Tuesday, March 24th. BMO Capital Markets boosted their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, TD Securities boosted their price target 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kelt Exploration has an average rating of “Buy” and an average 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.