RBC Capital Markets Boosts Kelt Exploration Ltd (KEL) Price Target to C$7.00
Kelt Exploration Ltd (TSE:KEL) had its price objective hoisted by equities research analysts at RBC Capital Markets from C$6.00 to C$7.00 in a report released on Thursday. RBC Capital Markets’ target price would indicate a potential upside of 15.70% from the stock’s current price.
Several other analysts have also recently commented on the company. Raymond James Financial Inc. raised their price target on Kelt Exploration from C$6.50 to C$8.00 in a report on Wednesday. TD Securities raised their price target on Kelt Exploration from C$7.50 to C$8.50 and gave the company an “action list buy” rating in a report on Tuesday, September 6th. Royal Bank Of Canada raised their price target on Kelt Exploration from C$5.00 to C$6.00 in a report on Friday, August 12th. Scotiabank reissued an “outperform” rating and issued a C$8.00 price target on shares of Kelt Exploration in a report on Thursday, August 11th. Finally, FirstEnergy Capital raised their price target on Kelt Exploration from C$6.00 to C$6.75 in a report on Thursday, August 11th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$6.41.
Shares of Kelt Exploration (TSE:KEL) traded up 2.81% during mid-day trading on Thursday, reaching $6.22. The company had a trading volume of 1,138,131 shares. Kelt Exploration has a 1-year low of $2.51 and a 1-year high of $6.56. The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $4.76. The company’s market capitalization is $1.08 billion.
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Kelt Exploration Company Profile
Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.
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