Kelt Exploration Ltd (KEL) Given Consensus Recommendation of “Buy” by Analysts
Kelt Exploration Ltd (TSE:KEL) has received a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$8.58.
Several research firms have recently commented on KEL. National Bank Financial raised their target price on shares of Kelt Exploration from C$7.00 to C$8.75 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Scotiabank raised their target price on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research report on Tuesday, October 10th. Finally, Eight Capital reaffirmed a “buy” rating and issued a C$10.00 target price on shares of Kelt Exploration in a research report on Wednesday, September 27th.
Kelt Exploration (TSE:KEL) traded up 0.76% during midday trading on Friday, reaching $6.59. 139,943 shares of the company’s stock traded hands. The stock’s market cap is $1.16 billion. The company’s 50-day moving average price is $6.68 and its 200-day moving average price is $6.53. Kelt Exploration has a 52-week low of $5.43 and a 52-week high of $7.70.
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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