Kelt Exploration Ltd (TSE:KEL) had its target price lifted by equities research analysts at National Bank Financial from C$7.00 to C$8.75 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s price objective would suggest a potential upside of 27.18% from the company’s previous close.
A number of other analysts have also recently weighed in on the company. Scotiabank raised their price objective on Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research report on Tuesday. Eight Capital reissued a “buy” rating and issued a C$10.00 price objective on shares of Kelt Exploration in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Kelt Exploration currently has an average rating of “Buy” and a consensus target price of C$8.66.
Kelt Exploration (KEL) traded down 0.29% on Wednesday, hitting $6.86. The stock had a trading volume of 134,775 shares. The firm’s market cap is $1.21 billion. Kelt Exploration has a 52-week low of $5.43 and a 52-week high of $7.70. The company has a 50-day moving average price of $6.48 and a 200 day moving average price of $6.52.
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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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