The Company is focused on exploration
Shares of Kelt Exploration (TSE:KEL) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, AnalystRatingsNetwork.com reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$13.25.
Kelt Exploration (TSE:KEL) traded up 2.04% on Monday, hitting $6.50. The stock had a trading volume of 129,093 shares. Kelt Exploration has a 52 week low of $6.32 and a 52 week high of $15.61. The stock has a 50-day moving average of $7.7 and a 200-day moving average of $11.2. The company has a market cap of $823.5 million and a P/E ratio of 318.50.
A number of analysts have recently weighed in on KEL shares. Analysts at RBC Capital cut their price target on shares of Kelt Exploration from C$15.00 to C$12.00 in a research note on Wednesday, December 17th. Separately, analysts at CIBC cut their price target on shares of Kelt Exploration from C$14.00 to C$11.00 in a research note on Thursday, December 4th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Kelt Exploration from C$13.00 to C$10.50 in a research note on Monday, December 1st.
Kelt Exploration Ltd., is a Canada-based oil and gas company. The Company is focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.