Kelt Exploration Ltd (KEL) PT Raised to C$8.75 at National Bank Financial
Kelt Exploration Ltd (TSE:KEL) had its price target hoisted by equities research analysts at National Bank Financial from C$7.00 to C$8.75 in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s target price points to a potential upside of 25.18% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. Scotiabank increased their price target on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research note on Tuesday. Eight Capital reissued a “buy” rating and issued a C$10.00 price target on shares of Kelt Exploration in a research note on Wednesday, September 27th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$8.66.
Shares of Kelt Exploration (KEL) traded up 1.60% on Wednesday, reaching $6.99. The company had a trading volume of 553,608 shares. Kelt Exploration has a one year low of $5.43 and a one year high of $7.70. The company’s market capitalization is $1.23 billion. The company’s 50-day moving average is $6.48 and its 200-day moving average is $6.52.
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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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