Douglas Owen Macarthur Sells 10,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 10,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of C$7.22, for a total value of C$72,243.00.

Douglas Owen Macarthur also recently made the following trade(s):

• On Monday, November 18th, Douglas Owen Macarthur sold 4,700 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.88, for a total transaction of C$32,336.00.
• On Friday, November 15th, Douglas Owen Macarthur sold 18,300 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.80, for a total value of C$124,440.00.

Kelt Exploration Price Performance

Shares of Kelt Exploration stock traded up C$0.18 during trading hours on Friday, reaching C$7.28. The company’s stock had a trading volume of 992,459 shares, compared to its average volume of 372,512. The stock has a market cap of C$1.42 billion, a P/E ratio of 22.06 and a beta of 1.93. Kelt Exploration Ltd. has a one year low of C$5.01 and a one year high of C$7.59. The firm has a 50 day moving average price of C$6.75 and a 200-day moving average price of C$6.40. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.50 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last released its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. The firm had revenue of C$107.88 million during the quarter. On average, analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analyst Upgrades and Downgrades

KEL has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. National Bankshares lifted their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. CIBC raised their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday. Finally, Scotiabank increased their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$9.38.

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.