Kelt Exploration Ltd to Post Q3 2017 Earnings of ($0.09) Per Share, Cormark Forecasts (KEL)
Kelt Exploration Ltd (TSE:KEL) – Stock analysts at Cormark decreased their Q3 2017 earnings estimates for shares of Kelt Exploration in a research report issued to clients and investors on Tuesday. Cormark analyst A. Arif now forecasts that the oil and gas exploration company will post earnings of ($0.09) per share for the quarter, down from their prior estimate of ($0.05). Cormark also issued estimates for Kelt Exploration’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.04) EPS and FY2019 earnings at $0.03 EPS.
KEL has been the subject of several other reports. National Bank Financial increased their price objective on Kelt Exploration from C$7.00 to C$8.75 and gave the stock an “outperform” rating in a research note on Wednesday. Eight Capital reissued a “buy” rating and issued a C$10.00 price objective on shares of Kelt Exploration in a research note on Wednesday, September 27th. Finally, Scotiabank increased their price objective on Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Kelt Exploration presently has a consensus rating of “Buy” and a consensus price target of C$8.66.
Shares of Kelt Exploration (KEL) opened at 6.99 on Thursday. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $6.52. Kelt Exploration has a 52 week low of $5.43 and a 52 week high of $7.70. The company’s market cap is $1.23 billion.
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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