Kelt Exploration Ltd. (KEL) Given Average Recommendation of “Buy” by Brokerages
Shares of Kelt Exploration Ltd. (TSE:KEL) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$8.80.
Several research analysts have recently issued reports on the stock. Eight Capital reiterated a “buy” rating and set a C$10.00 price target on shares of Kelt Exploration in a report on Wednesday, September 27th. CSFB upped their price target on shares of Kelt Exploration from C$7.25 to C$8.50 in a report on Monday, November 13th. National Bank Financial boosted their price objective on shares of Kelt Exploration from C$7.00 to C$8.75 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th. Scotiabank reduced their price objective on shares of Kelt Exploration from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Finally, Raymond James Financial boosted their price objective on shares of Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research note on Friday, November 10th.
Shares of Kelt Exploration (TSE KEL) traded up C$0.07 during trading hours on Monday, hitting C$6.99. 257,370 shares of the stock traded hands, compared to its average volume of 786,402. Kelt Exploration has a 52 week low of C$5.56 and a 52 week high of C$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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