Patrick William George Miles Sells 26,683 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 26,683 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$9.52, for a total value of C$254,022.16. Following the completion of the sale, the insider owned 911,855 shares in the company, valued at C$8,680,859.60. This trade represents a 2.84% decrease in their ownership of the stock.

Kelt Exploration Price Performance

Kelt Exploration stock traded up C$0.12 during mid-day trading on Friday, hitting C$9.59. 297,803 shares of the company were exchanged, compared to its average volume of 592,556. The company has a market capitalization of C$1.95 billion, a PE ratio of 35.52 and a beta of -0.24. The business has a fifty day moving average of C$9.44 and a 200 day moving average of C$9.13. Kelt Exploration Ltd. has a 1-year low of C$5.96 and a 1-year high of C$10.45. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 15.69.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 EPS for the quarter. Kelt Exploration had a net margin of 9.66% and a return on equity of 4.95%. The company had revenue of C$193.42 million for the quarter. As a group, sell-side analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Scotia set a C$13.00 price objective on shares of Kelt Exploration and gave the stock a “sector outperform” rating in a research note on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kelt Exploration presently has an average rating of “Buy” and an average price target of C$11.42.

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.