Kelt Exploration Ltd (KEL) PT Raised to C$6.50
Kelt Exploration Ltd (TSE:KEL) had its price objective boosted by equities research analysts at CIBC from C$5.50 to C$6.50 in a report issued on Wednesday. CIBC’s target price suggests a potential downside of 3.85% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Desjardins set a C$6.50 price target on Kelt Exploration in a research note on Tuesday, June 28th. Royal Bank Of Canada boosted their price target on Kelt Exploration from C$6.00 to C$7.00 in a research note on Thursday, October 13th. Scotiabank restated an “outperform” rating and issued a C$8.00 price target on shares of Kelt Exploration in a research note on Thursday, August 11th. RBC Capital Markets boosted their price target on Kelt Exploration from C$5.00 to C$6.00 in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. boosted their price target on Kelt Exploration from C$6.50 to C$8.00 in a research note on Wednesday, October 12th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$6.55.
Kelt Exploration (TSE:KEL) traded up 6.79% on Wednesday, hitting $6.76. The stock had a trading volume of 2,865,130 shares. The company’s market capitalization is $1.18 billion. The firm has a 50-day moving average of $5.66 and a 200 day moving average of $4.84. Kelt Exploration has a 52 week low of $2.51 and a 52 week high of $6.79.
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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