Kelt Exploration (KELTF) Projected to Announce Earnings on Thursday

Kelt Exploration (OTCMKTS:KELTF) will likely be issuing its results before the market opens on Thursday, August 6th. Analysts expect Kelt Exploration to announce earnings of $0.1549 per share and revenue of $112.4890 million for the quarter.

Kelt Exploration Price Performance

KELTF opened at $7.08 on Wednesday. The business has a 50 day moving average of $6.72 and a 200-day moving average of $6.53. Kelt Exploration has a 1-year low of $4.35 and a 1-year high of $8.24.

Analyst Upgrades and Downgrades

KELTF has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Kelt Exploration in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kelt Exploration in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.

The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.