Shares of Kelt Exploration Ltd (TSE:KEL) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$7.05.

KEL has been the subject of several recent research reports. GMP Securities dropped their target price on shares of Kelt Exploration from C$6.75 to C$6.00 in a research report on Friday, June 28th. Canaccord Genuity lowered their price objective on shares of Kelt Exploration from C$10.00 to C$8.00 in a research report on Tuesday, July 9th. BMO Capital Markets lowered their price objective on shares of Kelt Exploration from C$7.50 to C$6.00 in a research report on Friday, August 9th. Cormark lowered their price objective on shares of Kelt Exploration from C$9.00 to C$8.00 in a research report on Friday, August 9th. Finally, Raymond James restated a “strong-buy” rating and issued a C$7.00 price objective on shares of Kelt Exploration in a research report on Friday, August 9th.

Shares of Kelt Exploration stock traded down C$0.33 on Wednesday, hitting C$2.83. 956,280 shares of the company’s stock traded hands, compared to its average volume of 981,066. The firm has a 50-day moving average price of C$3.75. The company has a market cap of $529.68 million and a PE ratio of 28.50. Kelt Exploration has a one year low of C$2.81 and a one year high of C$9.56. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 36.75.

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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