Insider Selling: Kelt Exploration (TSE:KEL) Insider Sells C$402,500.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Sadiq Lalani sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the transaction, the insider owned 1,845,000 shares in the company, valued at approximately C$14,852,250. This trade represents a 2.64% decrease in their position.

Kelt Exploration Stock Up 2.5%

KEL stock opened at C$7.74 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. Kelt Exploration Ltd. has a 52 week low of C$4.90 and a 52 week high of C$8.23. The stock has a market capitalization of C$1.54 billion, a PE ratio of 26.69 and a beta of -0.36. The firm has a 50 day moving average of C$7.62 and a 200 day moving average of C$7.17.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, November 13th. The oil and gas exploration company reported C($0.04) EPS for the quarter. The company had revenue of C$100.14 million for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%. Sell-side analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on KEL shares. TD Securities set a C$9.50 price target on shares of Kelt Exploration and gave the stock a “buy” rating in a report on Tuesday, January 6th. CIBC increased their price objective on shares of Kelt Exploration from C$10.50 to C$11.00 in a research note on Friday, November 14th. Two investment 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 a consensus target price of C$9.63.

Kelt Exploration Company Profile

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.