Kelt Exploration Ltd (TSE:KEL) had its price objective hoisted by stock analysts at RBC Capital Markets from C$6.00 to C$7.00 in a research report issued to clients and investors on Thursday. RBC Capital Markets’ price target suggests a potential upside of 9.37% from the stock’s current price.
A number of other research firms also recently issued reports on KEL. Desjardins set a C$6.50 price objective on shares of Kelt Exploration in a research note on Tuesday, June 28th. Scotiabank reiterated an “outperform” rating and set a C$8.00 price objective on shares of Kelt Exploration in a research note on Thursday, August 11th. Royal Bank Of Canada increased their price objective on shares of Kelt Exploration from C$5.00 to C$6.00 in a research note on Friday, August 12th. Dundee Securities increased their price objective on shares of Kelt Exploration from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, TD Securities increased their price objective on shares of Kelt Exploration from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$6.48.
Shares of Kelt Exploration (TSE:KEL) opened at 6.40 on Thursday. The company’s market cap is $1.11 billion. The firm has a 50-day moving average of $5.58 and a 200-day moving average of $4.79. Kelt Exploration has a 52-week low of $2.51 and a 52-week high of $6.56.
Kelt Exploration Company Profile
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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