Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 15,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Alan G. Franks sold 15,000 shares of Kelt Exploration stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$5.92, for a total value of C$88,800.00.

Kelt Exploration Price Performance

Shares of KEL opened at C$6.08 on Thursday. Kelt Exploration Ltd. has a 1 year low of C$4.52 and a 1 year high of C$8.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.61. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 13.82 and a beta of 2.10. The business has a 50-day moving average of C$5.69 and a 200-day moving average of C$6.36.

Analyst Ratings Changes

KEL has been the topic of a number of recent research reports. TD Securities raised Kelt Exploration from a “hold” rating to a “buy” rating and lifted their price target for the company from C$7.50 to C$8.00 in a research note on Wednesday, March 20th. ATB Capital cut their price target on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. CIBC cut their price target on Kelt Exploration from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. Raymond James cut their price target on Kelt Exploration from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Finally, National Bankshares cut their price target on Kelt Exploration from C$8.75 to C$7.50 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$8.50.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.