Kelt Exploration (OTCMKTS:KELTF) Stock Price Down 0.8% – What’s Next?

Kelt Exploration Ltd. (OTCMKTS:KELTF) fell 0.8% during trading on Thursday . The company traded as low as $7.46 and last traded at $7.46. 95,471 shares traded hands during trading, an increase of 61% from the average daily volume of 59,442 shares. The stock had previously closed at $7.52.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KELTF. TD Securities reissued a “buy” rating on shares of Kelt Exploration in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kelt Exploration in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Kelt Exploration Trading Down 0.8%

The firm has a fifty day moving average of $7.07 and a 200-day moving average of $6.80.

About Kelt Exploration

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.