Kelt Exploration Ltd. (TSE:KEL) had its target price boosted by Raymond James Financial, Inc. from C$9.25 to C$9.75 in a research report sent to investors on Friday. The firm currently has a strong-buy rating on the oil and gas exploration company’s stock.

A number of other brokerages also recently commented on KEL. Scotiabank increased their price objective on Kelt Exploration from C$8.75 to C$9.25 and gave the company an outperform rating in a research report on Tuesday, October 10th. National Bank Financial increased their price objective on Kelt Exploration from C$7.00 to C$8.75 and gave the company an outperform rating in a research report on Wednesday, October 11th. Finally, Eight Capital reiterated a buy rating and set a C$10.00 price objective on shares of Kelt Exploration in a research report on Wednesday, September 27th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of C$8.80.

Shares of Kelt Exploration (KEL) opened at C$7.26 on Friday. Kelt Exploration has a 52-week low of C$5.56 and a 52-week high of C$7.70.

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About Kelt Exploration

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.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

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