Kelt Exploration Ltd (TSE:KEL)‘s stock had its “buy” rating reiterated by stock analysts at TD Securities in a research report issued on Tuesday.

Several other research analysts have also weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 19th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a C$10.00 price objective on shares of Kelt Exploration in a research note on Thursday, March 9th. CIBC lifted their price objective on shares of Kelt Exploration from C$6.50 to C$7.00 in a research note on Wednesday, January 25th. Scotiabank reissued an “outperform” rating and set a C$8.50 price objective on shares of Kelt Exploration in a research note on Thursday, March 9th. Finally, BMO Capital Markets lifted their price objective on shares of Kelt Exploration from C$7.50 to C$8.25 in a research note on Thursday, May 11th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$8.15.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

Kelt Exploration (TSE:KEL) traded down 2.82% during midday trading on Tuesday, hitting $7.24. 1,704,323 shares of the stock were exchanged. The firm’s market capitalization is $1.27 billion. Kelt Exploration has a one year low of $4.22 and a one year high of $7.70. The company has a 50 day moving average price of $7.06 and a 200 day moving average price of $6.55.

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In related news, insider David John Wilson purchased 40,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of C$6.01 per share, with a total value of C$240,400.00. Also, insider Sadiq Lalani purchased 4,600 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was bought at an average cost of C$5.88 per share, for a total transaction of C$27,048.00. In the last ninety days, insiders acquired 66,529 shares of company stock worth $402,462.

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.

12 Month Chart for TSE:KEL

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