Bruce Douglas Gigg Sells 80,000 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Bruce Douglas Gigg sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$8.09, for a total value of C$647,200.00. Following the completion of the transaction, the insider directly owned 224,574 shares in the company, valued at C$1,816,803.66. The trade was a 26.27% decrease in their ownership of the stock.

Kelt Exploration Trading Up 2.0%

Shares of KEL stock opened at C$8.29 on Monday. Kelt Exploration Ltd. has a 12 month low of C$4.90 and a 12 month high of C$8.71. The company has a market cap of C$1.65 billion, a PE ratio of 28.59 and a beta of -0.36. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. The business’s 50 day moving average is C$7.68 and its two-hundred day moving average is C$7.21.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, November 13th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$100.14 million during the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%. Equities analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KEL. Canadian Imperial Bank of Commerce upped their price target on shares of Kelt Exploration from C$10.50 to C$11.00 in a report on Friday, November 14th. TD Securities set a C$9.50 price objective on Kelt Exploration and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$9.63.

About Kelt Exploration

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.