Kelt Exploration Ltd (TSE:KEL) Receives C$6.23 Average PT from Brokerages
Shares of Kelt Exploration Ltd (TSE:KEL) have received a consensus recommendation of “Buy” from the fourteen analysts that are covering the firm. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$6.23.
Several brokerages have weighed in on KEL. TD Securities increased their price target on shares of Kelt Exploration from C$7.50 to C$8.50 and gave the company an “action list buy” rating in a research report on Tuesday, September 6th. Royal Bank Of Canada upped their price objective on shares of Kelt Exploration from C$5.00 to C$6.00 in a report on Friday, August 12th. Scotiabank restated an “outperform” rating and issued a C$8.00 price objective on shares of Kelt Exploration in a report on Thursday, August 11th. RBC Capital Markets upped their price objective on shares of Kelt Exploration from C$5.00 to C$6.00 in a report on Thursday, August 11th. Finally, FirstEnergy Capital upped their price objective on shares of Kelt Exploration from C$6.00 to C$6.75 in a report on Thursday, August 11th.
Kelt Exploration (TSE:KEL) opened at 5.45 on Thursday. The company’s 50-day moving average is $5.00 and its 200 day moving average is $4.56. The stock’s market capitalization is $949.38 million. Kelt Exploration has a 12-month low of $2.51 and a 12-month high of $7.38.
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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