Kelt Exploration Ltd. (TSE:KEL) Director Neil Graham Sinclair Sells 35,000 Shares

Kelt Exploration Ltd. (TSE:KEL) Director Neil Graham Sinclair sold 35,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$4.76, for a total value of C$166,600.00.

Kelt Exploration Trading Up 2.2 %

TSE KEL opened at C$7.38 on Tuesday. Kelt Exploration Ltd. has a fifty-two week low of C$4.29 and a fifty-two week high of C$8.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.61 and a current ratio of 0.80. The stock has a 50 day simple moving average of C$7.28 and a two-hundred day simple moving average of C$6.45. The stock has a market cap of C$1.43 billion, a P/E ratio of 12.51 and a beta of 2.10.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. CIBC increased their price objective on Kelt Exploration from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Raymond James upgraded Kelt Exploration from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$8.00 to C$9.00 in a research report on Friday, September 8th. National Bankshares reduced their price target on Kelt Exploration from C$9.25 to C$8.75 in a research report on Friday, November 10th. TD Securities lowered Kelt Exploration from a “buy” rating to a “hold” rating and set a C$8.00 price target on the stock. in a research report on Thursday, September 28th. Finally, BMO Capital Markets raised their price target on Kelt Exploration from C$8.50 to C$9.50 in a research report on Monday, October 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.83.

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 west central Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids primarily to third party marketing companies.