Kelt Exploration Ltd. (TSE:KEL - Get Free Report) 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 transaction of C$254,022.16. Following the transaction, the insider owned 911,855 shares of the company's stock, valued at approximately C$8,680,859.60. The trade was a 2.84% decrease in their ownership of the stock.
Kelt Exploration Stock Performance
Kelt Exploration stock traded up C$0.12 during mid-day trading on Friday, reaching C$9.59. The company had a trading volume of 297,803 shares, compared to its average volume of 592,556. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 15.69. The firm has a market cap of C$1.95 billion, a price-to-earnings ratio of 35.52 and a beta of -0.24. The company has a 50 day moving average of C$9.44 and a 200-day moving average of C$9.13. Kelt Exploration Ltd. has a 52 week low of C$5.96 and a 52 week high of C$10.45.
Kelt Exploration (TSE:KEL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share (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. On average, sell-side analysts expect that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Scotia set a C$13.00 price objective on Kelt Exploration and gave the stock a "sector outperform" rating in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$11.42.
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About Kelt Exploration
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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.
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