Kelt Exploration (TSE:KEL) has been assigned a C$8.00 target price by stock analysts at BMO Capital Markets in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ target price indicates a potential upside of 42.60% from the stock’s current price.

KEL has been the topic of several other reports. Cormark upped their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 in a report on Monday, January 28th. Royal Bank of Canada dropped their price objective on shares of Kelt Exploration from C$9.00 to C$7.00 in a report on Tuesday, January 8th. GMP Securities reaffirmed a “buy” rating and issued a C$6.75 price objective on shares of Kelt Exploration in a report on Friday, February 22nd. Eight Capital upped their price objective on shares of Kelt Exploration from C$7.50 to C$7.75 in a report on Monday, February 25th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a C$9.50 price objective on shares of Kelt Exploration in a report on Friday, February 22nd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$8.64.

Kelt Exploration stock traded down C$0.08 during mid-day trading on Thursday, reaching C$5.61. 383,869 shares of the company traded hands, compared to its average volume of 1,042,086. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 27.67. Kelt Exploration has a fifty-two week low of C$3.97 and a fifty-two week high of C$10.01. The firm has a market capitalization of $1.05 billion and a price-to-earnings ratio of 140.25.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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