Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$88,800.00 in Stock

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

Kelt Exploration Trading Down 0.5 %

TSE KEL opened at C$6.05 on Friday. Kelt Exploration Ltd. has a 12 month low of C$4.52 and a 12 month high of C$8.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.61. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 13.75 and a beta of 2.10. The company’s fifty day moving average price is C$5.70 and its two-hundred day moving average price is C$6.36.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KEL. National Bankshares cut their target price on shares of Kelt Exploration from C$8.75 to C$7.50 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. TD Securities raised shares of Kelt Exploration from a “hold” rating to a “buy” rating and upped their price target for the stock from C$7.50 to C$8.00 in a research report on Wednesday, March 20th. ATB Capital decreased their price objective on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. CIBC decreased their price objective on shares of Kelt Exploration from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Finally, Raymond James decreased their target price on shares of Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Friday, January 19th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$8.50.

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.