Kelt Exploration Ltd (TSE:KEL) has received an average recommendation of “Buy” from the fourteen research firms that are presently covering the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$6.80.

KEL has been the subject of several recent analyst reports. TD Securities upped their price target on Kelt Exploration from C$7.50 to C$8.50 and gave the stock an “action list buy” rating in a research note on Tuesday, September 6th. CIBC increased their target price on Kelt Exploration from C$5.50 to C$6.50 in a research note on Wednesday, October 19th. Paradigm Capital increased their target price on Kelt Exploration from C$7.00 to C$8.00 and gave the company a “buy” rating in a research note on Tuesday, November 1st. Raymond James Financial Inc. increased their target price on Kelt Exploration from C$6.50 to C$8.00 in a research note on Wednesday, October 12th. Finally, RBC Capital Markets increased their target price on Kelt Exploration from C$6.00 to C$7.00 in a research note on Thursday, October 13th.

Kelt Exploration (TSE:KEL) opened at 5.71 on Friday. The company’s 50-day moving average price is $6.19 and its 200-day moving average price is $5.28. Kelt Exploration has a 52-week low of $2.51 and a 52-week high of $6.98. The firm’s market cap is $1.00 billion.

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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.

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