Kelt Exploration Ltd (KEL) Given Consensus Recommendation of “Buy” by Analysts
Shares of Kelt Exploration Ltd (TSE:KEL) have been given an average rating of “Buy” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$8.28.
Several equities research analysts have recently issued reports on KEL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a C$9.00 price objective on shares of Kelt Exploration in a research report on Monday, June 5th. BMO Capital Markets increased their price objective on shares of Kelt Exploration from C$7.50 to C$8.25 in a research report on Thursday, May 11th. TD Securities reissued a “buy” rating on shares of Kelt Exploration in a research report on Tuesday, May 23rd. 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. increased their price objective on shares of Kelt Exploration from C$9.50 to C$10.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 12th.
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Kelt Exploration (KEL) opened at 6.12 on Friday. Kelt Exploration has a 1-year low of $4.93 and a 1-year high of $7.70. The firm has a 50 day moving average of $6.22 and a 200 day moving average of $6.41. The firm’s market cap is $1.08 billion.
In other news, Director Robert John Dales purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, July 4th. The stock was acquired at an average cost of C$6.31 per share, with a total value of C$31,550.00.
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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