RBC Capital Markets Increases Kelt Exploration Ltd (KEL) Price Target to C$7.00
Kelt Exploration Ltd (TSE:KEL) had its price objective boosted by research analysts at RBC Capital Markets from C$6.00 to C$7.00 in a research report issued to clients and investors on Thursday. RBC Capital Markets’ price objective suggests a potential upside of 11.29% from the stock’s previous close.
Several other brokerages have also issued reports on KEL. TD Securities boosted their target price on Kelt Exploration from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Thursday, August 11th. FirstEnergy Capital boosted their target price on Kelt Exploration from C$6.00 to C$6.75 in a research report on Thursday, August 11th. Dundee Securities boosted their target price on Kelt Exploration from C$6.50 to C$7.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Raymond James Financial Inc. boosted their price target on Kelt Exploration from C$6.50 to C$8.00 in a report on Wednesday. Finally, Scotiabank reiterated an “outperform” rating and issued a C$8.00 price target on shares of Kelt Exploration in a report on Thursday, August 11th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Kelt Exploration has a consensus rating of “Buy” and an average target price of C$6.48.
Kelt Exploration (TSE:KEL) traded up 3.97% on Thursday, reaching $6.29. The company had a trading volume of 1,585,954 shares. Kelt Exploration has a 52 week low of $2.51 and a 52 week high of $6.56. The stock’s 50-day moving average is $5.49 and its 200-day moving average is $4.76. The company’s market capitalization is $1.10 billion.
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About Kelt Exploration
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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