National Bank Financial Cuts Kelt Exploration Ltd. (KEL) Price Target to C$8.75
Kelt Exploration Ltd. (TSE:KEL) had its price objective reduced by investment analysts at National Bank Financial from C$10.00 to C$8.75 in a research report issued on Friday. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s price objective would suggest a potential upside of 20.36% from the company’s previous close.
Several other brokerages have also recently issued reports on KEL. Eight Capital reaffirmed a “buy” rating and set a C$10.00 target price on shares of Kelt Exploration in a research note on Wednesday, September 27th. Scotiabank lifted their target price on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$8.65.
Shares of Kelt Exploration (TSE KEL) traded down C$0.05 on Friday, reaching C$7.27. 435,018 shares of the company’s stock traded hands, compared to its average volume of 813,965. Kelt Exploration has a 52 week low of C$5.43 and a 52 week high of C$7.70.
Kelt Exploration Company Profile
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.
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