National Bank Financial Boosts Kelt Exploration (KEL) Price Target to C$10.25

Kelt Exploration (TSE:KEL) had its price objective hoisted by equities research analysts at National Bank Financial from C$10.00 to C$10.25 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s target price points to a potential upside of 44.16% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. CSFB lifted their target price on Kelt Exploration from C$7.25 to C$8.50 in a report on Monday, November 13th. TD Securities lifted their target price on Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Eight Capital reaffirmed a “buy” rating and issued a C$10.00 target price on shares of Kelt Exploration in a report on Wednesday, September 27th. Scotiabank lifted their price target on Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research report on Tuesday, October 10th. Finally, Raymond James Financial lifted their price target on Kelt Exploration from C$9.25 to C$9.75 and gave the stock a “strong-buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$9.00.

Shares of Kelt Exploration (TSE:KEL) traded down C$0.02 during mid-day trading on Tuesday, hitting C$7.11. The stock had a trading volume of 621,258 shares, compared to its average volume of 582,837. Kelt Exploration has a 1 year low of C$5.56 and a 1 year high of C$7.70. The company has a market capitalization of $1,250.00, a PE ratio of -237.00 and a beta of 0.93.

In other Kelt Exploration news, insider Ashley Dawn Hohm sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of C$7.33, for a total transaction of C$146,600.00. Also, insider David John Wilson bought 75,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were acquired at an average price of C$6.70 per share, with a total value of C$502,500.00. In the last 90 days, insiders have acquired 154,600 shares of company stock valued at $1,050,388 and have sold 103,996 shares valued at $755,914.

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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.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

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