Kelt Exploration Ltd (TSE:KEL) had its price objective increased by research analysts at National Bank Financial from C$7.00 to C$8.75 in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s price target would suggest a potential upside of 26.45% from the stock’s current price.
Several other research firms have also recently commented on KEL. Eight Capital reissued a “buy” rating and set a C$10.00 target price on shares of Kelt Exploration in a research report on Wednesday, September 27th. Scotiabank lifted their target price on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research report on Tuesday. One 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 stock. Kelt Exploration currently has an average rating of “Buy” and a consensus price target of C$8.66.
Shares of Kelt Exploration (KEL) opened at 6.92 on Wednesday. The firm’s market cap is $1.22 billion. The company has a 50 day moving average price of $6.54 and a 200-day moving average price of $6.52. Kelt Exploration has a 52-week low of $5.43 and a 52-week high of $7.70.
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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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