Kelt Exploration Ltd (TSE:KEL) had its price target raised by equities researchers at Raymond James Financial, Inc. from C$9.25 to C$9.75 in a research report issued on Friday. The brokerage currently has a “strong-buy” rating on the oil and gas exploration company’s stock. Raymond James Financial, Inc.’s price target suggests a potential upside of 34.11% from the company’s previous close.
Several other brokerages have also recently commented on KEL. National Bank Financial lowered their price target on shares of Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating for the company in a research report on Friday. Eight Capital reiterated a “buy” rating and set a C$10.00 price target on shares of Kelt Exploration in a research report on Wednesday, September 27th. Finally, Scotiabank lifted their price target 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, October 10th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$8.65.
Shares of Kelt Exploration (TSE:KEL) opened at C$7.27 on Friday. Kelt Exploration has a 1 year low of C$5.43 and a 1 year high of C$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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