Kelt Exploration Ltd. (KEL) PT Lowered to C$9.25
Kelt Exploration Ltd. (TSE:KEL) had its price objective cut by analysts at Scotiabank from C$10.00 to C$9.25 in a report issued on Friday. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. Scotiabank’s target price points to a potential upside of 27.24% from the stock’s current price.
Several other brokerages have also recently weighed in on KEL. National Bank Financial dropped their price target on shares of Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating on the stock in a research note on Friday. Raymond James Financial, Inc. lifted their price target 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. Finally, Eight Capital reiterated a “buy” rating and set a C$10.00 price target on shares of Kelt Exploration in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$8.65.
Kelt Exploration (KEL) traded down C$0.05 during trading hours on Friday, reaching C$7.27. 435,018 shares of the company’s stock were exchanged, compared to its average volume of 813,965. Kelt Exploration has a fifty-two week low of C$5.43 and a fifty-two week high of C$7.70.
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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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