Patrick William George Miles Sells 94,300 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 94,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$8.03, for a total value of C$757,229.00. Following the transaction, the insider owned 911,855 shares in the company, valued at C$7,322,195.65. This represents a 9.37% decrease in their position.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 28th, Patrick William George Miles sold 200 shares of Kelt Exploration stock. The shares were sold at an average price of C$8.00, for a total transaction of C$1,600.00.

Kelt Exploration Stock Up 2.0%

Shares of TSE:KEL opened at C$8.29 on Monday. Kelt Exploration Ltd. has a 1-year low of C$4.90 and a 1-year high of C$8.71. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The stock has a market cap of C$1.65 billion, a P/E ratio of 28.59 and a beta of -0.36. The firm has a fifty day moving average price of C$7.68 and a 200 day moving average price of C$7.21.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on KEL shares. Canadian Imperial Bank of Commerce upped their price objective on shares of Kelt Exploration from C$10.50 to C$11.00 in a research 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$9.63.

Kelt Exploration Company Profile

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.