Kelt Exploration (KEL), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Jamie Kubik from CIBC reiterated a Buy rating, with a C$8 price target.
According to TipRanks.com, Kubik has 0 stars on 0-5 star ranking scale with an average return of -17.3% and a 23.7% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kelt Exploration with a C$7.96 average price target.
Based on Kelt Exploration’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$3.63 million. In comparison, last year the company had a GAAP net loss of C$5.39 million.
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 Friday at C$4.50, close to its 52-week low of C$3.97.
