Kelt Exploration (TSX: KEL), the Materials sector company was revisited on July 5, and remains undervalued for at least one analyst on the street. Analyst Patrick O’rourke from AltaCorp Captial remains bullish on the stock and has a C$12.50 price target.
O’rourke has an average return of 29.3% when recommending Kelt Exploration.
According to TipRanks.com, O’rourke is ranked #823 out of 4836 analysts.
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Currently, the analyst consensus on Kelt Exploration is a Strong Buy with an average price target of C$11.40, a 28.8% upside from current levels. In a report issued on June 29, RBC Capital also reiterated a Buy rating on the stock with a C$11 price target.
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Kelt Exploration’s market cap is currently C$1.6B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.89.
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.
The company’s shares closed on Monday at C$8.85, close to its 52-week high of C$9.30.
