Kelt Exploration Ltd (OTCMKTS:KELTF) Receives Average Rating of “Buy” from Analysts

Kelt Exploration Ltd (OTCMKTS:KELTF) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $2.17.

KELTF has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $2.00 price objective on shares of Kelt Exploration in a research report on Monday, May 25th. TD Securities lowered their price objective on Kelt Exploration from $2.25 to $2.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Raymond James reissued a “hold” rating and issued a $2.50 price target on shares of Kelt Exploration in a report on Thursday, March 26th. CIBC lowered their price target on Kelt Exploration from $2.00 to $1.75 and set a “neutral” rating on the stock in a report on Friday, May 8th. Finally, Stifel Nicolaus boosted their price target on Kelt Exploration from $2.05 to $2.25 and gave the stock a “buy” rating in a report on Friday, May 8th.

Shares of KELTF stock traded down $0.02 during trading hours on Friday, reaching $1.00. 3,000 shares of the company 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 firm has a 50-day moving average price of $1.09 and a 200 day moving average price 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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