Kelt Exploration Ltd (TSE:KEL) had its price objective lifted by investment analysts at Raymond James Financial Inc. from C$6.50 to C$8.00 in a note issued to investors on Wednesday. Raymond James Financial Inc.’s price target would indicate a potential upside of 27.19% from the stock’s previous close.

Several other brokerages also recently issued reports on KEL. TD Securities raised their price target on Kelt Exploration from C$7.50 to C$8.50 and gave the company an “action list buy” rating in a report on Tuesday, September 6th. Royal Bank Of Canada lifted their target price on Kelt Exploration from C$5.00 to C$6.00 in a report on Friday, August 12th. RBC Capital Markets lifted their target price on Kelt Exploration from C$5.00 to C$6.00 in a report on Thursday, August 11th. FirstEnergy Capital lifted their target price on Kelt Exploration from C$6.00 to C$6.75 in a report on Thursday, August 11th. Finally, Dundee Securities lifted their target price on Kelt Exploration from C$6.50 to C$7.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$6.48.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

Shares of Kelt Exploration (TSE:KEL) opened at 6.29 on Wednesday. Kelt Exploration has a one year low of $2.51 and a one year high of $6.56. The company’s market cap is $1.10 billion. The firm’s 50-day moving average is $5.54 and its 200-day moving average is $4.78.

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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