Kelt Exploration Ltd (KEL) PT Raised to C$10.00 at Royal Bank of Canada

Kelt Exploration Ltd (TSE:KEL) had its price objective raised by Royal Bank of Canada from C$9.00 to C$10.00 in a research report report published on Wednesday, April 19th. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

Other research analysts also recently issued reports about the stock. Raymond James Financial, Inc. reissued a strong-buy rating and issued a C$10.00 price target on shares of Kelt Exploration in a report on Friday, February 10th. Scotiabank set a C$8.50 price target on shares of Kelt Exploration and gave the company an outperform rating in a report on Monday, February 13th. TD Securities reissued an action list buy rating and issued a C$10.50 price target on shares of Kelt Exploration in a report on Thursday, March 9th. BMO Capital Markets raised their price target on shares of Kelt Exploration from C$7.25 to C$8.00 in a report on Wednesday, December 21st. Finally, Desjardins lifted their price objective on shares of Kelt Exploration from C$7.50 to C$8.00 in a report on Wednesday, December 21st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$8.15.

Shares of Kelt Exploration (TSE:KEL) traded up 3.33% during trading on Wednesday, hitting $7.45. The stock had a trading volume of 955,206 shares. The stock’s market capitalization is $1.31 billion. The stock’s 50-day moving average is $7.01 and its 200-day moving average is $6.52. Kelt Exploration has a 12-month low of $4.22 and a 12-month high of $7.70.

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In related news, insider David John Wilson purchased 40,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average price of C$6.01 per share, for a total transaction of C$240,400.00. Also, insider Sadiq Lalani acquired 4,600 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were acquired at an average cost of C$5.88 per share, for a total transaction of C$27,048.00. Insiders have purchased 66,529 shares of company stock worth $402,462 in the last quarter.

Kelt Exploration Company Profile

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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