Kelt Exploration Ltd (KEL) PT Raised to C$10.00 at Raymond James Financial, Inc.

Kelt Exploration Ltd (TSE:KEL) had its price target boosted by equities research analysts at Raymond James Financial, Inc. from C$9.50 to C$10.00 in a research note issued to investors on Friday, May 12th. The brokerage presently has a “strong-buy” rating on the oil and gas exploration company’s stock. Raymond James Financial, Inc.’s price objective would suggest a potential upside of 68.35% from the stock’s current price.

A number of other analysts have also commented on the company. Royal Bank Of Canada boosted their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. BMO Capital Markets boosted their price objective on Kelt Exploration from C$7.50 to C$8.25 in a report on Thursday, May 11th. CSFB reissued a “neutral” rating and set a C$7.00 price objective on shares of Kelt Exploration in a report on Thursday, May 11th. CIBC boosted their price objective on Kelt Exploration from C$6.50 to C$7.00 in a report on Wednesday, January 25th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$8.50 target price on shares of Kelt Exploration in a report on Thursday, January 19th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$8.15.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

Kelt Exploration (TSE KEL) traded up 0.68% during trading on Friday, reaching $5.94. The company’s stock had a trading volume of 539,205 shares. The firm’s market cap is $1.04 billion. Kelt Exploration has a 52 week low of $4.22 and a 52 week high of $7.70. The stock’s 50 day moving average is $6.62 and its 200-day moving average is $6.59.

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In related news, Director Robert John Dales sold 5,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of C$6.46, for a total value of C$32,300.00. Also, insider Sadiq Lalani acquired 4,600 shares of Kelt Exploration stock in a transaction dated Thursday, March 23rd. The shares were bought at an average cost of C$5.88 per share, for a total transaction of C$27,048.00. Insiders purchased 26,529 shares of company stock worth $162,062 in the last quarter.

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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