Kelt Exploration (TSE:KEL) Share Price Passes Above 200-Day Moving Average of $6.07

Kelt Exploration Ltd. (TSE:KEL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.07 and traded as high as C$6.31. Kelt Exploration shares last traded at C$6.29, with a volume of 479,977 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Kelt Exploration from C$9.50 to C$10.00 in a report on Friday, July 12th. CIBC increased their price target on Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$9.00.

Kelt Exploration Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of C$6.04 and a two-hundred day moving average price of C$6.07. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 19.24 and a beta of 1.95.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. The business had revenue of C$109.09 million during the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, research analysts anticipate that Kelt Exploration Ltd. will post 0.4791667 EPS for the current year.

Insider Activity at Kelt Exploration

In related news, Director Michael Shea sold 15,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$6.08, for a total value of C$91,200.00. In related news, Director Michael Shea sold 15,000 shares of the stock in a transaction on Friday, July 19th. The stock was 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 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. 15.91% of the stock is currently owned by insiders.

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.