A number of other analysts also recently weighed in on KEL. Desjardins set a C$6.50 price objective on Kelt Exploration in a report on Tuesday, June 28th. Dundee Securities increased their price target 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. FirstEnergy Capital increased their price target on Kelt Exploration from C$6.00 to C$6.75 in a report on Thursday, August 11th. Scotiabank reiterated an outperform rating and set a C$8.00 price target on shares of Kelt Exploration in a report on Thursday, August 11th. Finally, TD Securities increased their price target on Kelt Exploration from C$7.00 to C$7.50 and gave the stock a buy rating in a report on Thursday, August 11th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of C$6.48.
Shares of Kelt Exploration (TSE:KEL) opened at 6.23 on Thursday. The company’s market capitalization is $1.09 billion. Kelt Exploration has a one year low of $2.51 and a one year high of $6.56. The stock has a 50 day moving average price of $5.62 and a 200-day moving average price of $4.82.
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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