BMO Capital Markets Increases Kelt Exploration (KEL) Price Target to C$11.00

Kelt Exploration (TSE:KEL) had its target price upped by stock analysts at BMO Capital Markets from C$9.00 to C$11.00 in a research report issued on Thursday. BMO Capital Markets’ price target indicates a potential upside of 33.17% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Eight Capital raised their target price on Kelt Exploration from C$9.75 to C$10.75 in a research report on Friday, February 9th. CIBC raised their target price on Kelt Exploration from C$9.00 to C$10.00 in a research report on Tuesday, January 23rd. Raymond James raised their target price on Kelt Exploration from C$9.50 to C$10.75 in a research report on Tuesday, April 24th. Finally, TD Securities raised their target price on Kelt Exploration from C$9.50 to C$10.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Kelt Exploration presently has an average rating of “Buy” and an average target price of C$10.61.

TSE KEL opened at C$8.26 on Thursday. Kelt Exploration has a 1-year low of C$5.56 and a 1-year high of C$8.71.

Kelt Exploration (TSE:KEL) last released its earnings results on Wednesday, March 7th. The oil and gas exploration company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.04). The firm had revenue of C$80.84 million during the quarter, compared to analysts’ expectations of C$79.30 million. Kelt Exploration had a negative net margin of 20.76% and a negative return on equity of 5.12%.

In related news, insider Ashley Dawn Hohm sold 10,000 shares of Kelt Exploration stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of C$6.87, for a total transaction of C$68,700.00. In the last quarter, insiders have sold 106,716 shares of company stock worth $766,967.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

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