Patrick William George Miles Sells 25,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 25,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$6.68, for a total transaction of C$167,000.00.

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

• On Tuesday, January 21st, Patrick William George Miles sold 48,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.35, for a total value of C$352,876.80.
• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Price Performance

Shares of TSE:KEL opened at C$6.80 on Friday. The firm has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 24.10 and a beta of 1.93. 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 business’s 50 day simple moving average is C$6.66 and its 200-day simple moving average is C$6.61. Kelt Exploration Ltd. has a 12 month low of C$5.45 and a 12 month high of C$7.59.

Wall Street Analysts Forecast Growth

KEL has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.00 in a report on Friday, December 13th. National Bankshares upped their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, CIBC raised their target price on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th.

Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.