Kelt Exploration (TSE:KEL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kelt Exploration Ltd. (TSE:KEL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.09 and traded as high as C$6.67. Kelt Exploration shares last traded at C$6.59, with a volume of 414,734 shares changing hands.

Analyst Upgrades and Downgrades

KEL has been the topic of a number of recent research reports. CIBC lifted their price objective on shares of Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. National Bankshares lowered their target price on shares of Kelt Exploration from C$9.00 to C$8.75 in a report on Friday, September 27th. Finally, Scotiabank boosted their target price on shares of Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$8.97.

Kelt Exploration Stock Performance

The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 19.97 and a beta of 1.95. The stock’s fifty day moving average is C$6.09 and its two-hundred day moving average is C$6.09. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43.

Kelt Exploration (TSE:KEL) last released its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. Kelt Exploration had a net margin of 16.02% and a return on equity of 6.72%. The firm had revenue of C$109.09 million for the quarter. On average, analysts predict that Kelt Exploration Ltd. will post 0.4879808 earnings per share for the current year.

Insider Buying and Selling at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$6.12, for a total value of C$183,600.00. In other news, Director Michael Shea sold 15,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$6.08, for a total value of C$91,200.00. Also, Senior Officer Douglas Owen Macarthur sold 30,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$6.12, for a total transaction of C$183,600.00. Corporate insiders own 15.87% of the company’s stock.

Kelt Exploration Company Profile

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.