Kelt Exploration Ltd (KEL) Given Consensus Rating of “Buy” by Brokerages
Shares of Kelt Exploration Ltd (TSE:KEL) have earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$8.02.
KEL has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. CSFB restated a “neutral” rating and issued a C$7.00 price target on shares of Kelt Exploration in a report on Thursday, May 11th. BMO Capital Markets raised their price target on shares of Kelt Exploration from C$7.50 to C$8.25 in a report on Thursday, May 11th. TD Securities increased their price objective on shares of Kelt Exploration from C$9.00 to C$9.50 and gave the company an “action list buy” rating in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. decreased their price objective on shares of Kelt Exploration from C$10.00 to C$9.50 and set a “strong-buy” rating for the company in a research report on Thursday, May 11th.
Kelt Exploration (TSE KEL) opened at 6.09 on Friday. Kelt Exploration has a one year low of $4.22 and a one year high of $7.70. The firm has a 50-day moving average of $6.43 and a 200 day moving average of $6.55. The stock’s market capitalization is $1.07 billion.
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In other news, Director Robert John Dales sold 5,000 shares of Kelt Exploration stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of C$6.46, for a total transaction of C$32,300.00.
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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