Kelt Exploration Ltd (OTCMKTS:KELTF) Receives $2.17 Average Price Target from Brokerages

Shares of Kelt Exploration Ltd (OTCMKTS:KELTF) have earned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.17.

Several research firms have commented on KELTF. TD Securities dropped their price objective on shares of Kelt Exploration from $2.25 to $2.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Raymond James reaffirmed a “hold” rating and set a $2.50 price objective on shares of Kelt Exploration in a report on Thursday, March 26th. Scotiabank upped their price objective on shares of Kelt Exploration from $2.25 to $2.50 and gave the company an “outperform” rating in a report on Monday, June 15th. Stifel Nicolaus upped their price objective on shares of Kelt Exploration from $2.05 to $2.25 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, CIBC lowered their price target on shares of Kelt Exploration from $2.00 to $1.75 and set a “neutral” rating on the stock in a report on Friday, May 8th.

OTCMKTS KELTF traded down $0.02 during trading on Friday, hitting $1.00. 3,000 shares of the company’s stock traded hands, compared to its average volume of 12,864. Kelt Exploration has a 12-month low of $0.54 and a 12-month high of $3.75. The business has a 50 day moving average of $1.09 and a 200-day moving average of $1.96.

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, 2018, the company held petroleum and natural gas rights in 841,415 net acres of undeveloped land.

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Analyst Recommendations for Kelt Exploration (OTCMKTS:KELTF)

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