Alan G. Franks Sells 2,050 Shares of Kelt Exploration (KEL) Stock

Kelt Exploration (TSE:KEL) insider Alan G. Franks sold 2,050 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of C$6.56, for a total value of C$13,448.00.

Shares of Kelt Exploration (TSE KEL) opened at C$6.51 on Tuesday. The company has a market capitalization of $1,170.00, a PE ratio of -50.08 and a beta of 0.99. Kelt Exploration has a 52 week low of C$5.56 and a 52 week high of C$8.20.

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KEL has been the subject of several recent research reports. Eight Capital boosted their price objective on Kelt Exploration from C$9.75 to C$10.75 in a report on Friday, February 9th. TD Securities boosted their price objective on Kelt Exploration from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Friday, February 9th. National Bank Financial boosted their price objective on Kelt Exploration from C$10.00 to C$10.25 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, CIBC upped their price target on Kelt Exploration from C$9.00 to C$10.00 in a research note on Tuesday, January 23rd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$9.53.

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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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2016, the company owned interests in approximately 856,754 net acres of developed and undeveloped land.

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