Kelt Exploration Ltd (KEL) Given Average Recommendation of “Buy” by Brokerages

Kelt Exploration Ltd (TSE:KEL) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$8.80.

KEL has been the topic of a number of recent research reports. Raymond James Financial increased their target price on Kelt Exploration from C$9.25 to C$9.75 and gave the company a “strong-buy” rating in a report on Friday, November 10th. Scotiabank lowered their target price on Kelt Exploration from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a report on Friday, November 10th. National Bank Financial increased their target price on Kelt Exploration from C$7.00 to C$8.75 and gave the company an “outperform” rating in a report on Wednesday, October 11th. Eight Capital reaffirmed a “buy” rating and issued a C$10.00 price objective on shares of Kelt Exploration in a research note on Wednesday, September 27th. Finally, TD Securities raised their price objective on Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, November 10th.

In other news, insider Ashley Dawn Hohm sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of C$7.20, for a total value of C$36,000.00. Also, insider David John Wilson acquired 78,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was bought at an average cost of C$6.88 per share, for a total transaction of C$536,640.00. In the last ninety days, insiders bought 154,600 shares of company stock worth $1,050,388 and sold 103,996 shares worth $755,914.

Kelt Exploration (KEL) traded down C$0.02 during mid-day trading on Friday, reaching C$7.42. The company’s stock had a trading volume of 595,307 shares, compared to its average volume of 672,359. Kelt Exploration has a 52 week low of C$5.56 and a 52 week high of C$7.70. The company has a market capitalization of $1,330.00, a P/E ratio of -247.33 and a beta of 0.93.

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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.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

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