Shares of Kelt Exploration Ltd (OTCMKTS:KELTF) have been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $2.17.
KELTF has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of Kelt Exploration from $2.05 to $2.25 and gave the company a “buy” rating in a research note on Friday, May 8th. Raymond James reissued a “hold” rating and set a $2.50 target price on shares of Kelt Exploration in a research note on Thursday, March 26th. CIBC decreased their target price on shares of Kelt Exploration from $2.00 to $1.75 and set a “neutral” rating for the company in a research note on Friday, May 8th. Scotiabank lifted their target price on shares of Kelt Exploration from $2.25 to $2.50 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, TD Securities decreased their target price on shares of Kelt Exploration from $2.25 to $2.00 and set a “buy” rating for the company in a research note on Friday, May 8th.
Shares of OTCMKTS:KELTF traded down $0.02 during trading on Friday, reaching $1.00. 3,000 shares of the company traded hands, compared to its average volume of 12,864. The firm has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.96. Kelt Exploration has a 1-year low of $0.54 and a 1-year high of $3.75.
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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