Kelt Exploration Ltd (TSE:KEL) had its price objective increased by National Bank Financial from C$7.00 to C$8.75 in a report issued on Wednesday. The firm currently has an outperform rating on the oil and gas exploration company’s stock.
Several other brokerages also recently weighed in on KEL. Eight Capital restated a buy rating and set a C$10.00 price objective on shares of Kelt Exploration in a research report on Wednesday, September 27th. Scotiabank lifted their target price on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the company an outperform rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$8.66.
Shares of Kelt Exploration (TSE KEL) traded down 0.29% on Wednesday, reaching $6.97. 311,078 shares of the company’s stock were exchanged. Kelt Exploration has a one year low of $5.43 and a one year high of $7.70. The firm’s market capitalization is $1.23 billion. The firm has a 50 day moving average of $6.51 and a 200 day moving average of $6.52.
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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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