Kelt Exploration’s (KEL) “Outperform” Rating Reiterated at Scotiabank
Scotiabank restated their outperform rating on shares of Kelt Exploration Ltd (TSE:KEL) in a research note released on Friday, StockTargetPrices.com reports. They currently have a C$7.50 price target on the oil and gas exploration company’s stock.
A number of other equities analysts have also issued reports on the stock. TD Securities raised 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 research report on Tuesday, September 6th. Royal Bank Of Canada raised their target price on shares of Kelt Exploration from C$5.00 to C$6.00 in a research report on Friday, August 12th. Raymond James Financial Inc. lifted their price objective on shares of Kelt Exploration from C$6.50 to C$8.00 in a research report on Wednesday, October 12th. RBC Capital Markets lifted their price objective on shares of Kelt Exploration from C$5.00 to C$6.00 in a research report on Thursday, August 11th. Finally, Paradigm Capital lifted their price objective on shares of Kelt Exploration from C$7.00 to C$8.00 and gave the company a buy rating in a research report on Tuesday, November 1st. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of C$6.80.
Shares of Kelt Exploration (TSE:KEL) opened at 6.19 on Friday. The company has a 50-day moving average of $6.13 and a 200 day moving average of $5.14. Kelt Exploration has a one year low of $2.51 and a one year high of $6.98. The stock’s market cap is $1.08 billion.
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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