Alan G. Franks Sells 15,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Alan G. Franks sold 15,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$5.92, for a total transaction of C$88,800.00.

Kelt Exploration Price Performance

TSE KEL opened at C$6.08 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.83. The firm’s 50 day moving average price is C$5.69 and its 200-day moving average price is C$6.36. Kelt Exploration Ltd. has a 52-week low of C$4.52 and a 52-week high of C$8.16. The company has a market cap of C$1.18 billion, a PE ratio of 13.82 and a beta of 2.10.

Wall Street Analyst Weigh In

A number of brokerages have commented on KEL. Raymond James dropped their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. TD Securities upgraded shares of Kelt Exploration from a “hold” rating to a “buy” rating and upped their target price for the stock from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. CIBC dropped their target price on shares of Kelt Exploration from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. National Bankshares dropped their target price on shares of Kelt Exploration from C$8.75 to C$7.50 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Finally, ATB Capital dropped their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kelt Exploration presently has a consensus rating of “Buy” and a consensus target price of C$8.50.

About Kelt Exploration

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.