Kelt Exploration (KEL) Given New C$12.00 Price Target at TD Securities

Kelt Exploration (TSE:KEL) had its price objective hoisted by stock analysts at TD Securities from C$10.75 to C$12.00 in a research note issued on Friday. TD Securities’ price target points to a potential upside of 26.72% from the stock’s current price.

KEL has been the topic of a number of other research reports. CIBC upped their target price on shares of Kelt Exploration from C$10.00 to C$11.50 in a report on Thursday, May 10th. BMO Capital Markets upped their target price on shares of Kelt Exploration from C$9.00 to C$11.00 in a report on Thursday, May 10th. Scotiabank upped their target price on shares of Kelt Exploration from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, May 10th. Raymond James upped their target price on shares of Kelt Exploration from C$9.50 to C$10.75 in a report on Tuesday, April 24th. Finally, National Bank Financial upped their target price on shares of Kelt Exploration from C$10.25 to C$10.75 and gave the stock an “outperform” rating in a report on Thursday, May 10th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$11.38.

Kelt Exploration opened at C$9.47 on Friday, Marketbeat reports. Kelt Exploration has a 1-year low of C$5.69 and a 1-year high of C$10.01.

In other news, insider Sadiq Lalani sold 4,085 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of C$8.14, for a total value of C$33,251.90. Also, Director Robert John Dales sold 30,000 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of C$8.91, for a total transaction of C$267,300.00.

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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