Kelt Exploration (TSE:KEL) Price Target Cut to C$6.50 by Analysts at CIBC

Kelt Exploration (TSE:KEL) had its price target reduced by CIBC from C$9.00 to C$6.50 in a research note released on Thursday, BayStreet.CA reports.

KEL has been the subject of several other research reports. Canaccord Genuity reissued a buy rating and set a $7.50 price objective on shares of in a research note on Tuesday, July 9th. GMP Securities reissued a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. BMO Capital Markets dropped their price objective on Pentair to $39.00 and set a market perform rating for the company in a research note on Thursday, April 18th. Finally, Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Kelt Exploration presently has an average rating of Buy and a consensus price target of C$7.63.

TSE:KEL opened at C$3.86 on Thursday. The company has a market capitalization of $710.41 million and a price-to-earnings ratio of 42.89. Kelt Exploration has a 52-week low of C$3.66 and a 52-week high of C$10.01. The company’s fifty day simple moving average is C$4.02. The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 30.48.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas exploration company reported C$0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.02. The business had revenue of C$102.59 million for the quarter, compared to the consensus estimate of C$106.30 million. On average, equities analysts predict that Kelt Exploration will post 0.15 earnings per share for the current year.

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, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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