Kelt Exploration (TSE:KEL) Shares Cross Above Two Hundred Day Moving Average of $6.07

Kelt Exploration Ltd. (TSE:KEL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.07 and traded as high as C$6.43. Kelt Exploration shares last traded at C$6.06, with a volume of 274,678 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. National Bankshares reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.75 in a research report on Friday. CIBC boosted their price target on Kelt Exploration from C$8.50 to C$10.00 in a report on Monday, July 15th. Finally, Scotiabank raised their price objective on Kelt Exploration from C$9.50 to C$10.00 in a research note on Friday, July 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Kelt Exploration has an average rating of “Buy” and a consensus target price of C$8.97.

Kelt Exploration Trading Up 2.1 %

The company has a market cap of C$1.21 billion, a P/E ratio of 18.76 and a beta of 1.95. The firm’s 50 day moving average is C$6.06 and its two-hundred day moving average is C$6.07. 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 results on Thursday, August 8th. The oil and gas exploration company reported C$0.05 EPS for the quarter. The firm had revenue of C$109.09 million for the quarter. Kelt Exploration had a return on equity of 6.72% and a net margin of 16.02%. As a group, equities research analysts anticipate that Kelt Exploration Ltd. will post 0.4879808 EPS for the current year.

Insider Buying and Selling

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

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.