Eight Capital Cuts Kelt Exploration (TSE:KEL) Price Target to C$7.00

Kelt Exploration (TSE:KEL) had its price objective trimmed by Eight Capital from C$7.75 to C$7.00 in a research note published on Friday, BayStreet.CA reports.

KEL has been the subject of a number of other reports. GMP Securities lowered their price objective on shares of Kelt Exploration from C$6.75 to C$6.00 in a research report on Friday, June 28th. CIBC lowered their price objective on shares of Kelt Exploration from C$9.00 to C$6.50 in a research report on Thursday, July 18th. BMO Capital Markets set a C$8.00 price target on shares of Kelt Exploration and gave the company an outperform rating in a research report on Thursday, April 18th. Royal Bank of Canada decreased their price target on shares of Kelt Exploration from C$8.00 to C$7.00 in a research report on Thursday, July 18th. Finally, Canaccord Genuity decreased their price target on shares of Kelt Exploration from C$10.00 to C$8.00 in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$7.05.

KEL stock opened at C$3.09 on Friday. The stock’s 50 day moving average is C$3.77. The firm has a market cap of $585.26 million and a PE ratio of 30.90. Kelt Exploration has a 1 year low of C$3.06 and a 1 year high of C$9.57. The company has a debt-to-equity ratio of 36.75, a quick ratio of 0.42 and a current ratio of 0.44.

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.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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