Kelt Exploration (TSE:KEL) Insider Alan Franks Sells 85,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) insider Alan Franks sold 85,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$10.17, for a total transaction of C$864,450.00. Following the transaction, the insider directly owned 19,158 shares in the company, valued at approximately C$194,836.86. The trade was a 81.61% decrease in their ownership of the stock.

Kelt Exploration Stock Up 2.8%

Shares of Kelt Exploration stock opened at C$9.99 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.61 and a debt-to-equity ratio of 12.86. The company’s fifty day simple moving average is C$9.34 and its two-hundred day simple moving average is C$8.50. The company has a market cap of C$2.01 billion, a P/E ratio of 45.41 and a beta of -0.20. Kelt Exploration Ltd. has a 12-month low of C$5.96 and a 12-month high of C$10.40.

Kelt Exploration (TSE:KEL) last issued its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. The business had revenue of C$132.64 million for the quarter. Kelt Exploration had a net margin of 8.73% and a return on equity of 3.96%. Research analysts anticipate that Kelt Exploration Ltd. will post 0.5224359 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KEL shares. TD Securities boosted their target price on shares of Kelt Exploration from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, March 13th. Royal Bank Of Canada boosted their target price on shares of Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Ventum Financial set a C$12.50 target price on shares of Kelt Exploration and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, BMO Capital Markets lifted their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kelt Exploration currently has an average rating of “Buy” and an average target price of C$11.10.

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.