Patrick William George Miles Sells 72,600 Shares of Kelt Exploration (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 72,600 shares of the company’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$9.40, for a total transaction of C$682,440.00. Following the transaction, the insider directly owned 911,855 shares in the company, valued at approximately C$8,571,437. This trade represents a 7.37% decrease in their ownership of the stock.

Patrick William George Miles also recently made the following trade(s):

• On Wednesday, January 28th, Patrick William George Miles sold 200 shares of Kelt Exploration stock. The shares were sold at an average price of C$8.00, for a total transaction of C$1,600.00.
• On Thursday, January 29th, Patrick William George Miles sold 94,300 shares of Kelt Exploration stock. The stock was sold at an average price of C$8.03, for a total transaction of C$757,229.00.

Kelt Exploration Stock Up 0.5%

KEL stock opened at C$9.37 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.61 and a debt-to-equity ratio of 15.87. The company’s 50-day moving average price is C$8.57 and its 200 day moving average price is C$7.69. Kelt Exploration Ltd. has a 52 week low of C$4.90 and a 52 week high of C$9.62. The company has a market cap of C$1.88 billion, a P/E ratio of 30.23 and a beta of -0.16.

Kelt Exploration (TSE:KEL) last issued 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 during the quarter. On average, research analysts expect that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KEL. TD Securities lifted their price objective on Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, March 13th. BMO Capital Markets raised their price target on 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 Kelt Exploration and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of Kelt Exploration from C$8.50 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 MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.