Key Points
- Bruce Douglas Gigg sold 80,000 Kelt Exploration shares on Jan. 29 at C$8.09 apiece for C$647,200, trimming his stake by 26.27% to 224,574 shares (≈C$1.82M).
- KEL opened at C$8.29 (1‑year range C$4.90–C$8.71), has a market cap of C$1.65B and a PE of 28.59, but shows high leverage with a debt‑to‑equity of 4.53 and a current ratio of 0.50.
- Analysts carry a consensus Buy rating with a C$9.63 average price target after recent upgrades, while the company reported a quarterly EPS loss of C($0.04) and analysts forecast ~0.52 EPS for the year.
Kelt Exploration Ltd. (TSE:KEL - Get Free Report) insider Bruce Douglas Gigg sold 80,000 shares of Kelt Exploration stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$8.09, for a total value of C$647,200.00. Following the transaction, the insider owned 224,574 shares of the company's stock, valued at C$1,816,803.66. This represents a 26.27% decrease in their ownership of the stock.
Kelt Exploration Stock Up 2.0%
KEL stock opened at C$8.29 on Friday. Kelt Exploration Ltd. has a 1-year low of C$4.90 and a 1-year high of C$8.71. The business's 50 day simple moving average is C$7.68 and its 200 day simple moving average is C$7.21. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The firm has a market capitalization of C$1.65 billion, a PE ratio of 28.59 and a beta of -0.36.
Kelt Exploration (TSE:KEL - Get Free Report) last announced its quarterly 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 net margin of 13.12% and a return on equity of 5.40%. The business had revenue of C$100.14 million for the quarter. As a group, research analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. TD Securities set a C$9.50 target price on shares of Kelt Exploration and gave the stock a "buy" rating in a report on Tuesday, January 6th. Canadian Imperial Bank of Commerce raised their price objective on shares of Kelt Exploration from C$10.50 to C$11.00 in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kelt Exploration currently has an average rating of "Buy" and a consensus price target of C$9.63.
View Our Latest Stock Report on KEL
Kelt Exploration Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
