Kelt Exploration (KEL) PT Raised to C$9.00

Kelt Exploration (TSE:KEL) had its price objective boosted by CIBC from C$8.00 to C$9.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also commented on the stock. BMO Capital Markets set a C$8.00 price target on shares of Kelt Exploration and gave the stock an outperform rating in a research note on Thursday, April 18th. Canaccord Genuity reiterated a buy rating and set a C$10.00 price target on shares of Kelt Exploration in a research note on Friday, March 1st. Eight Capital lifted their price target on shares of Kelt Exploration from C$7.50 to C$7.75 in a research note on Monday, February 25th. GMP Securities reiterated a buy rating and set a C$6.75 price target on shares of Kelt Exploration in a research note on Friday, February 22nd. Finally, Raymond James reiterated a strong-buy rating and set a C$9.50 price target on shares of Kelt Exploration in a research note on Friday, February 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Kelt Exploration currently has a consensus rating of Buy and a consensus price target of C$8.73.

Shares of TSE:KEL opened at C$5.61 on Tuesday. Kelt Exploration has a 12 month low of C$3.97 and a 12 month high of C$10.01. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 27.67. The firm has a market cap of $1.06 billion and a P/E ratio of 140.25.

Kelt Exploration (TSE:KEL) last announced its quarterly earnings results on Wednesday, March 6th. The oil and gas exploration company reported C$0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.02. The company had revenue of C$100.35 million for the quarter, compared to analyst estimates of C$104.20 million. Equities analysts expect that Kelt Exploration will post 0.109999999240069 EPS for the current fiscal year.

Kelt Exploration Company Profile

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.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Kelt Exploration (TSE:KEL)

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