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 company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of C$8.84, for a total value of C$66,300.00. Following the completion of the transaction, the insider directly 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 Stock Performance

KEL stock opened at C$8.98 on Tuesday. The firm has a market cap of C$1.80 billion, a PE ratio of 28.97 and a beta of -0.28. The company has a quick ratio of 0.61, a current ratio of 1.00 and a debt-to-equity ratio of 15.87. The business has a 50 day moving average of C$8.65 and a 200-day moving average of C$7.74. Kelt Exploration Ltd. has a 12-month low of C$4.90 and a 12-month high of C$9.62.

Kelt Exploration (TSE:KEL) last released its earnings results on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$132.64 million during the quarter. Kelt Exploration had a return on equity of 5.65% and a net margin of 12.56%. As a group, sell-side analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analyst Ratings Changes

KEL has been the subject of several research reports. TD Securities increased their price objective on Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, March 13th. BMO Capital Markets increased their price objective on 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 objective on Kelt Exploration and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada increased their price objective 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. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$10.67.

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.