TD Securities Cuts Kelt Exploration (KEL) Price Target to C$9.50
Kelt Exploration (TSE:KEL) had its price objective cut by TD Securities from C$12.00 to C$9.50 in a research note issued to investors on Monday morning. They currently have a buy rating on the oil and gas exploration company’s stock.
KEL has been the subject of a number of other reports. CIBC decreased their target price on shares of Kelt Exploration from C$11.50 to C$10.00 in a research note on Monday. BMO Capital Markets reiterated an outperform rating and set a C$13.00 target price on shares of Kelt Exploration in a research note on Tuesday, July 31st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Kelt Exploration currently has a consensus rating of Buy and a consensus price target of C$10.78.
Shares of KEL opened at C$4.85 on Monday. The company has a debt-to-equity ratio of 23.89, a current ratio of 0.52 and a quick ratio of 0.48. Kelt Exploration has a 1-year low of C$4.55 and a 1-year high of C$10.01.
Kelt Exploration Company Profile
Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.
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