Kelt Exploration (TSE:KEL) Insider David Gillis Sells 3,853 Shares

Kelt Exploration Ltd. (TSE:KEL) insider David Gillis sold 3,853 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of C$8.84, for a total transaction of C$34,060.52. Following the completion of the transaction, the insider owned 78,821 shares in the company, valued at C$696,777.64. This trade represents a 4.66% decrease in their position.

Kelt Exploration Stock Up 1.5%

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

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. Kelt Exploration had a net margin of 12.56% and a return on equity of 5.65%. The company had revenue of C$132.64 million for the quarter. As a group, sell-side analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KEL shares. Royal Bank Of Canada increased their price target on shares of Kelt Exploration from C$8.50 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. BMO Capital Markets increased their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Ventum Financial set a C$12.50 price target on shares of Kelt Exploration and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, TD Securities increased their price target 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. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.