Key Points
- Director William Charles Guinan sold 20,000 shares of Kelt Exploration at C$10.21 each, totaling C$204,200, which reduced his ownership by 1.70%.
- Kelt Exploration’s stock was trading lower, opening at C$9.94 and sitting just below its 52-week high of C$10.29, while still well above its 52-week low of C$5.96.
- Analysts remain constructive on the company, with four Buy ratings and a consensus price target of C$11.10, above the current share price.
Kelt Exploration Ltd. (TSE:KEL - Get Free Report) Director William Charles Guinan sold 20,000 shares of Kelt Exploration stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of C$10.21, for a total transaction of C$204,200.00. Following the completion of the transaction, the director directly owned 1,154,459 shares of the company's stock, valued at C$11,787,026.39. This trade represents a 1.70% decrease in their ownership of the stock.
Kelt Exploration Trading Down 2.5%
TSE KEL opened at C$9.94 on Thursday. Kelt Exploration Ltd. has a one year low of C$5.96 and a one year high of C$10.29. The company has a 50-day simple moving average of C$9.22 and a 200-day simple moving average of C$8.30. 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 firm has a market capitalization of C$2.01 billion, a PE ratio of 45.18 and a beta of -0.29.
Kelt Exploration (TSE:KEL - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. The business had revenue of C$132.64 million during the quarter. On average, equities analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on KEL. Ventum Financial set a C$12.50 price target on shares of Kelt Exploration and gave the company a "buy" rating in a report on Tuesday, March 24th. Royal Bank Of Canada lifted their price objective on shares of Kelt Exploration from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Monday, April 13th. BMO Capital Markets lifted their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. Finally, TD Securities lifted their price objective on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a "buy" rating in a research report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Kelt Exploration presently has a consensus rating of "Buy" and an average price target of C$11.10.
Read Our Latest Stock 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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