Kelt Exploration Downgraded to Market Perform at Raymond James (KEL)
Kelt Exploration (TSE:KEL) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a C$10.00 price objective on the stock, up from their previous price objective of C$9.50. Raymond James’ target price suggests a potential downside of 5.93% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial reiterated an “outperform” rating on shares of Kelt Exploration in a research note to investors on Wednesday, December 4th. Separately, analysts at CIBC raised their price target on shares of Kelt Exploration from C$9.50 to C$13.00 in a research note to investors on Wednesday, December 4th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Kelt Exploration from C$9.00 to C$11.00 in a research note to investors on Wednesday, December 4th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$11.00.
Kelt Exploration (TSE:KEL) traded down 1.57% on Monday, hitting $10.63. The stock had a trading volume of 434,733 shares. Kelt Exploration has a 1-year low of $5.30 and a 1-year high of $11.21. The stock’s 50-day moving average is $9.80 and its 200-day moving average is $8.71.
Kelt Exploration Ltd., is a Canada-based oil and gas company. The Company is focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.
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