William Charles Guinan Sells 20,000 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of C$10.21, for a total transaction of C$204,200.00. Following the sale, the director directly owned 1,154,459 shares of the company’s stock, valued at approximately C$11,787,026.39. This represents a 1.70% decrease in their position.

Kelt Exploration Stock Performance

Shares of TSE KEL opened at C$9.99 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.52 and a debt-to-equity ratio of 12.86. The firm’s 50-day moving average price is C$9.24 and its two-hundred day moving average price is C$8.32. Kelt Exploration Ltd. has a 52-week low of C$5.96 and a 52-week high of C$10.29. The stock has a market capitalization of C$2.02 billion, a P/E ratio of 45.41 and a beta of -0.29.

Kelt Exploration (TSE:KEL) last posted its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 EPS for the quarter. The company had revenue of C$132.64 million during the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%. As a group, sell-side analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Ventum Financial set a C$12.50 price target on shares of Kelt Exploration and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada lifted their price objective on shares of Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. TD Securities boosted their target price on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, BMO Capital Markets upped their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$11.10.

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.