Patrick William George Miles Sells 72,600 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 72,600 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$9.40, for a total transaction of C$682,440.00. Following the sale, the insider directly owned 911,855 shares in the company, valued at approximately C$8,571,437. The trade was a 7.37% decrease in their ownership of the stock.

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

• On Wednesday, January 28th, Patrick William George Miles sold 200 shares of Kelt Exploration stock. The shares were sold at an average price of C$8.00, for a total transaction of C$1,600.00.
• On Thursday, January 29th, Patrick William George Miles sold 94,300 shares of Kelt Exploration stock. The stock was sold at an average price of C$8.03, for a total transaction of C$757,229.00.

Kelt Exploration Stock Down 1.3%

Shares of Kelt Exploration stock traded down C$0.12 during trading hours on Monday, reaching C$9.26. 424,493 shares of the company were exchanged, compared to its average volume of 552,740. The firm has a market cap of C$1.86 billion, a PE ratio of 29.87 and a beta of -0.16. The company has a debt-to-equity ratio of 15.87, a quick ratio of 0.61 and a current ratio of 1.00. Kelt Exploration Ltd. has a 1 year low of C$4.90 and a 1 year high of C$9.62. The stock’s fifty day moving average is C$8.51 and its 200 day moving average is C$7.65.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. Kelt Exploration had a return on equity of 5.65% and a net margin of 12.56%.The firm had revenue of C$132.64 million during the quarter. As a group, equities research analysts forecast 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 analyst reports. BMO Capital Markets raised their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Ventum Financial set a C$12.50 price target on shares of Kelt Exploration and gave the stock a “buy” rating in a report on Tuesday, March 24th. TD Securities increased their price objective on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Royal Bank Of Canada raised their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Kelt Exploration has a consensus rating of “Buy” and an average price target of C$10.67.

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.