Kelt Exploration (OTCMKTS:KELTF) Price Target Raised to C$5.50

Kelt Exploration (OTCMKTS:KELTF) had its price target increased by investment analysts at Canaccord Genuity from C$4.75 to C$5.50 in a research note issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock.

Several other brokerages also recently commented on KELTF. CIBC increased their price objective on shares of Kelt Exploration from C$4.00 to C$5.00 and gave the company an “outperform” rating in a research report on Wednesday, July 14th. Scotiabank raised their price objective on shares of Kelt Exploration from C$4.25 to C$5.75 and gave the stock an “outperform” rating in a report on Thursday, July 15th. Stifel Nicolaus raised their price objective on shares of Kelt Exploration from C$4.25 to C$5.25 and gave the stock a “buy” rating in a report on Monday, June 28th. TD Securities raised their price objective on shares of Kelt Exploration from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Friday, August 6th. Finally, Eight Capital initiated coverage on shares of Kelt Exploration in a report on Tuesday, July 27th. They issued a “buy” rating and a $2.54 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $4.45.

Shares of Kelt Exploration stock remained flat at $$3.05 during trading on Wednesday. 37 shares of the company traded hands, compared to its average volume of 6,476. Kelt Exploration has a 52 week low of $1.03 and a 52 week high of $3.05. The business’s 50 day moving average price is $2.63 and its two-hundred day moving average price is $2.47.

About Kelt Exploration

Kelt Exploration Ltd. is an oil and gas company, which engages in the exploration, development, and production of crude oil and natural gas resources. It operates in the area of Grande Prairie in northwestern Alberta and Fort St. John in northeastern British Columbia. The company was founded on October 11, 2012 and is headquartered in Calgary, Canada.

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