Kelt Exploration Ltd (KEL) Insider Sells C$387,000.00 in Stock

Kelt Exploration Ltd (TSE:KEL) insider Douglas Owen Macarthur sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 15th. The shares were sold at an average price of C$7.74, for a total value of C$387,000.00.

Kelt Exploration Ltd (KEL) traded down C$0.13 during trading on Friday, reaching C$7.51. The company’s stock had a trading volume of 690,895 shares, compared to its average volume of 896,240. Kelt Exploration Ltd has a twelve month low of C$5.56 and a twelve month high of C$7.82. The company has a market capitalization of $1,350.00, a P/E ratio of -250.33 and a beta of 0.93.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, November 9th. The oil and gas exploration company reported C($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.08) by C$0.02. Kelt Exploration had a negative return on equity of 5.12% and a negative net margin of 20.76%.

Several equities research analysts recently weighed in on KEL shares. National Bank Financial reduced their price target on Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating on the stock in a research note on Friday, November 10th. TD Securities upped their price target on Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Raymond James Financial upped their price target on Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research note on Friday, November 10th. Scotiabank upped their price target on Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research note on Tuesday, October 10th. Finally, CSFB upped their price target on Kelt Exploration from C$7.25 to C$8.50 in a research note on Monday, November 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$9.00.

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Kelt Exploration Company Profile

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

Insider Buying and Selling by Quarter for Kelt Exploration (TSE:KEL)

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