Kelt Exploration Ltd (TSE:KEL) – Equities research analysts at Cormark cut their Q1 2018 earnings per share estimates for shares of Kelt Exploration in a research report issued to clients and investors on Tuesday. Cormark analyst A. Arif now anticipates that the oil and gas exploration company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.01. Cormark also issued estimates for Kelt Exploration’s Q2 2018 earnings at $0.00 EPS and Q4 2018 earnings at ($0.01) EPS.

Several other research analysts have also commented on KEL. Eight Capital reiterated a “buy” rating and set a C$10.00 price target on shares of Kelt Exploration in a report on Wednesday, September 27th. Scotiabank lifted their price target on Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a report on Tuesday. Finally, National Bank Financial lifted their price target on Kelt Exploration from C$7.00 to C$8.75 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$8.66.

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Shares of Kelt Exploration (KEL) traded down 0.58% during trading on Wednesday, hitting $6.88. 199,832 shares of the stock traded hands. The firm’s market cap is $1.21 billion. Kelt Exploration has a 12 month low of $5.43 and a 12 month high of $7.70. The company has a 50 day moving average price of $6.54 and a 200 day moving average price of $6.52.

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.

Earnings History and Estimates for Kelt Exploration (TSE:KEL)

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