Kelt Exploration (TSE:KEL) PT Lowered to C$8.00 at Canaccord Genuity

Kelt Exploration (TSE:KEL) had its target price trimmed by Canaccord Genuity from C$10.00 to C$8.00 in a report published on Tuesday, BayStreet.CA reports.

KEL has been the subject of several other research reports. BMO Capital Markets lowered their target price on shares of Pentair to $39.00 and set a market perform rating for the company in a research note on Thursday, April 18th. CIBC lowered their target price on shares of WestJet Airlines from C$22.00 to C$21.00 in a research note on Tuesday, April 23rd. GMP Securities reiterated a buy rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, Raymond James reiterated a buy rating on shares of Kelt Exploration in a research note on Friday, May 31st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$7.88.

KEL opened at C$3.79 on Tuesday. The firm has a market capitalization of $715.94 million and a PE ratio of 42.11. The company has a fifty day moving average of C$4.15. The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 30.48. Kelt Exploration has a 12-month low of C$3.66 and a 12-month high of C$10.01.

Kelt Exploration (TSE:KEL) last released its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.05 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.02. The business had revenue of C$102.59 million for the quarter, compared to the consensus estimate of C$106.30 million. On average, sell-side analysts predict that Kelt Exploration will post 0.13 earnings per share for the current year.

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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