Kelt Exploration (TSE:KEL) Insider Patrick William George Miles Sells 26,683 Shares

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 26,683 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$9.52, for a total transaction of C$254,022.16. Following the completion of the transaction, the insider owned 911,855 shares in the company, valued at C$8,680,859.60. This represents a 2.84% decrease in their ownership of the stock.

Kelt Exploration Stock Performance

Shares of TSE:KEL opened at C$9.54 on Friday. The firm has a market cap of C$1.94 billion, a PE ratio of 35.33 and a beta of -0.24. The firm’s 50 day simple moving average is C$9.43 and its 200-day simple moving average is C$9.13. Kelt Exploration Ltd. has a one year low of C$5.96 and a one year high of C$10.45. The company has a debt-to-equity ratio of 15.69, a quick ratio of 0.61 and a current ratio of 0.64.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas exploration company reported C$0.22 earnings per share (EPS) for the quarter. Kelt Exploration had a return on equity of 4.95% and a net margin of 9.66%.The firm had revenue of C$193.42 million during the quarter. As a group, equities analysts predict that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Scotia set a C$13.00 target price on Kelt Exploration and gave the stock a “sector outperform” rating in a report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$11.42.

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.