Kelt Exploration Ltd. (TSE:KEL – Get Free Report) was up 2.4% on Wednesday. The stock traded as high as C$10.49 and last traded at C$10.35. 525,370 shares traded hands during trading, a decline of 20% from the average session volume of 658,251 shares. The stock had previously closed at C$10.11.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. National Bank Financial set a C$13.25 price target on Kelt Exploration and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. Royal Bank Of Canada boosted their target price on shares of Kelt Exploration from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. Six investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$11.96.
Check Out Our Latest Research Report on Kelt Exploration
Kelt Exploration Price Performance
The company has a debt-to-equity ratio of 15.69, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market cap of C$2.08 billion, a PE ratio of 38.33 and a beta of 0.07. The company’s 50-day simple moving average is C$10.86 and its 200 day simple moving average is C$9.64.
About Kelt Exploration
Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.
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