Key Points
- Insider sale: Patrick William George Miles sold 26,683 Kelt Exploration shares at an average C$9.52, generating C$254,022.16. His remaining direct stake is 911,855 shares, a 2.84% reduction.
- Financial performance: Kelt reported quarterly EPS of C$0.22 and revenue of C$193.42 million, with a 9.66% net margin and 4.95% return on equity.
- Analyst outlook: All five covering analysts rate the stock a Buy, with a consensus price target of C$11.42 versus its recent C$9.54 opening price.
Kelt Exploration Ltd. (TSE:KEL - Get Free Report) insider Patrick William George Miles sold 26,683 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the completion of the transaction, the insider directly owned 911,855 shares of the company's stock, valued at C$8,680,859.60. This trade represents a 2.84% decrease in their position.
Kelt Exploration Stock Up 0.7%
Kelt Exploration stock opened at C$9.54 on Friday. The business has a fifty day moving average of C$9.43 and a two-hundred day moving average of C$9.13. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 15.69. The firm has a market cap of C$1.94 billion, a P/E ratio of 35.33 and a beta of -0.24. Kelt Exploration Ltd. has a twelve month low of C$5.96 and a twelve month high of C$10.45.
Kelt Exploration (TSE:KEL - Get Free Report) last announced its earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%.The business had revenue of C$193.42 million for the quarter. On average, analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Scotia set a C$13.00 price objective on Kelt Exploration and gave the company a "sector outperform" rating in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$11.42.
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Kelt Exploration Company Profile
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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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