Kelt Exploration Ltd. (TSE:KEL - Get Free Report) insider David Gillis sold 3,853 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of C$8.84, for a total transaction of C$34,060.52. Following the completion of the sale, the insider directly owned 78,821 shares in the company, valued at approximately C$696,777.64. The trade was a 4.66% decrease in their ownership of the stock.
Kelt Exploration Trading Up 1.5%
Shares of Kelt Exploration stock opened at C$8.98 on Tuesday. Kelt Exploration Ltd. has a 12-month low of C$4.90 and a 12-month high of C$9.62. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 28.97 and a beta of -0.28. The company has a current ratio of 1.00, a quick ratio of 0.61 and a debt-to-equity ratio of 15.87. The company's 50-day moving average price is C$8.65 and its 200-day moving average price is C$7.74.
Kelt Exploration (TSE:KEL - Get Free Report) last announced its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter. The business had revenue of C$132.64 million for the quarter. Kelt Exploration had a net margin of 12.56% and a return on equity of 5.65%. On average, equities analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on KEL. TD Securities increased their target price on Kelt Exploration from C$9.00 to C$11.00 and gave the company a "buy" rating in a report on Friday, March 13th. Royal Bank Of Canada lifted their target price on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. BMO Capital Markets lifted their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. Finally, Ventum Financial set a C$12.50 target price on shares of Kelt Exploration and gave the stock a "buy" rating in a research note on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$10.67.
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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