RBC Capital Markets Boosts Kelt Exploration Ltd (KEL) Price Target to C$7.00
Kelt Exploration Ltd (TSE:KEL) had its target price increased by analysts at RBC Capital Markets from C$6.00 to C$7.00 in a research report issued to clients and investors on Thursday. RBC Capital Markets’ price objective points to a potential upside of 15.70% from the stock’s current price.
KEL has been the subject of several other reports. TD Securities increased their target price on shares of Kelt Exploration from C$7.50 to C$8.50 and gave the stock an “action list buy” rating in a report on Tuesday, September 6th. Raymond James Financial Inc. upped their price target on Kelt Exploration from C$6.50 to C$8.00 in a research note on Wednesday. FirstEnergy Capital upped their price target on Kelt Exploration from C$6.00 to C$6.75 in a research note on Thursday, August 11th. Royal Bank Of Canada upped their price target on Kelt Exploration from C$5.00 to C$6.00 in a research note on Friday, August 12th. Finally, Dundee Securities upped their price target on Kelt Exploration from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$6.41.
Shares of Kelt Exploration (TSE:KEL) traded up 2.81% on Thursday, hitting $6.22. The company’s stock had a trading volume of 1,138,131 shares. Kelt Exploration has a 52 week low of $2.51 and a 52 week high of $6.56. The stock’s 50 day moving average price is $5.49 and its 200 day moving average price is $4.76. The stock’s market capitalization is $1.08 billion.
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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