Kelt Exploration (TSE:KEL) Insider Sells C$560,993.40 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 56,666 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$9.90, for a total value of C$560,993.40. Following the sale, the insider owned 911,855 shares in the company, valued at C$9,027,364.50. The trade was a 5.85% decrease in their position.

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

• On Friday, May 15th, Patrick William George Miles sold 50,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$9.90, for a total value of C$495,000.00.
• On Friday, March 27th, Patrick William George Miles sold 72,600 shares of Kelt Exploration stock. The shares were sold at an average price of C$9.40, for a total value of C$682,440.00.

Kelt Exploration Stock Performance

TSE KEL traded up C$0.21 during trading hours on Tuesday, reaching C$10.21. The stock had a trading volume of 455,503 shares, compared to its average volume of 592,989. The stock has a fifty day moving average of C$9.16 and a 200 day moving average of C$8.25. The stock has a market cap of C$2.06 billion, a P/E ratio of 46.41 and a beta of -0.29. Kelt Exploration Ltd. has a 52-week low of C$5.96 and a 52-week high of C$10.26. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.61 and a current ratio of 0.52.

Kelt Exploration (TSE:KEL) last issued its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. The firm had revenue of C$132.64 million for the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%. Sell-side analysts predict that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analysts Set New Price Targets

KEL has been the topic of several recent research reports. TD Securities upped their price objective on Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Royal Bank Of Canada upped their price objective on Kelt Exploration from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Ventum Financial set a C$12.50 price objective on Kelt Exploration and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, BMO Capital Markets upped their price objective on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kelt Exploration currently has an average rating of “Buy” and a consensus target price of C$11.10.

About Kelt Exploration

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.