Key Points
- Sadiq Lalani sold 50,000 shares of Kelt Exploration on Jan. 29 at an average price of C$8.05 for C$402,500, cutting his ownership by 2.64% to 1,845,000 shares valued at C$14,852,250.
- Market and analyst context: KEL opened at C$7.80 (52‑week range C$4.90–C$8.23), has a market cap of C$1.55B and a P/E of 26.9, and carries an average analyst rating of "Buy" with an average target of C$9.63.
Kelt Exploration Ltd. (TSE:KEL - Get Free Report) insider Sadiq Lalani sold 50,000 shares of the company's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the completion of the transaction, the insider owned 1,845,000 shares in the company, valued at C$14,852,250. This trade represents a 2.64% decrease in their ownership of the stock.
Kelt Exploration Price Performance
TSE:KEL opened at C$7.80 on Monday. Kelt Exploration Ltd. has a 52 week low of C$4.90 and a 52 week high of C$8.23. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The firm's 50-day simple moving average is C$7.62 and its 200 day simple moving average is C$7.18. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of 26.90 and a beta of -0.51.
Kelt Exploration (TSE:KEL - Get Free Report) last announced its earnings results on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%.The business had revenue of C$100.14 million for the quarter. As a group, sell-side analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently weighed in on KEL. CIBC upped their target price on Kelt Exploration from C$10.50 to C$11.00 in a research report on Friday, November 14th. TD Securities set a C$9.50 price objective on shares of Kelt Exploration and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kelt Exploration presently has an average rating of "Buy" and an average target price of C$9.63.
Read Our Latest Analysis on Kelt Exploration
About Kelt Exploration
(
Get Free Report)
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.
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