Kelt Exploration (TSE:KEL) Insider Alan Franks Sells 7,500 Shares

Kelt Exploration Ltd. (TSE:KEL) insider Alan Franks sold 7,500 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of C$8.84, for a total value of C$66,300.00. Following the completion of the sale, the insider owned 19,158 shares of the company’s stock, valued at approximately C$169,356.72. This represents a 28.13% decrease in their ownership of the stock.

Kelt Exploration Trading Up 2.0%

KEL stock traded up C$0.18 during mid-day trading on Monday, reaching C$9.03. 185,128 shares of the stock traded hands, compared to its average volume of 556,622. The stock has a market capitalization of C$1.81 billion, a PE ratio of 29.13 and a beta of -0.28. Kelt Exploration Ltd. has a one year low of C$4.90 and a one year high of C$9.62. The business has a 50-day moving average price of C$8.62 and a two-hundred day moving average price of C$7.73. 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 (TSE:KEL) last announced its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. Kelt Exploration had a net margin of 12.56% and a return on equity of 5.65%. The business had revenue of C$132.64 million during the quarter. Equities research analysts expect that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KEL shares. BMO Capital Markets lifted their price objective 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 target price on shares of Kelt Exploration and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada boosted their price target on Kelt Exploration from C$8.50 to C$10.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, TD Securities increased their price objective on Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kelt Exploration presently has an average rating of “Buy” and a consensus 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.