Kelt Exploration Ltd (TSE:KEL) Given Average Recommendation of “Buy” by Brokerages
Kelt Exploration Ltd (TSE:KEL) has earned an average rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$8.02.
A number of research firms recently weighed in on KEL. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$9.00 target price on shares of Kelt Exploration in a research report on Monday, June 5th. TD Securities lifted 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. BMO Capital Markets lifted their price objective on shares of Kelt Exploration from C$7.50 to C$8.25 in a research report on Thursday, May 11th. CSFB reissued a “neutral” rating and issued a C$7.00 price objective on shares of Kelt Exploration 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.
In related news, Director Robert John Dales bought 5,000 shares of the business’s stock in a transaction dated Tuesday, July 4th. The stock was bought at an average price of C$6.31 per share, for a total transaction of C$31,550.00.
COPYRIGHT VIOLATION WARNING: “Kelt Exploration Ltd (TSE:KEL) Given Average Recommendation of “Buy” by Brokerages” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/08/kelt-exploration-ltd-tsekel-given-average-recommendation-of-buy-by-brokerages.html.
Shares of Kelt Exploration (KEL) opened at 6.37 on Tuesday. The company’s market capitalization is $1.12 billion. The company has a 50-day moving average of $6.18 and a 200-day moving average of $6.48. Kelt Exploration has a one year low of $4.56 and a one year high of $7.70.
About Kelt Exploration
Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2016, the company owned interests in approximately 856,754 net acres of developed and undeveloped land.
Receive News & Ratings for Kelt Exploration Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration Ltd and related companies with MarketBeat.com's FREE daily email newsletter.