Q1 2018 EPS Estimates for Kelt Exploration Ltd Lowered by Cormark (KEL)
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.
ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/13/q1-2018-eps-estimates-for-kelt-exploration-ltd-lowered-by-cormark-kel.html.
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.
Receive News & Stock Ratings for Kelt Exploration Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration Ltd and related stocks with our FREE daily email newsletter.