In a new note to investors today, an analyst has provided a rating update for Kelt Exploration (KEL). The company received a Buy rating from AltaCorp Captial’s analyst Patrick O’rourke, with a C$9.50 price target.
According to TipRanks.com, O’rourke is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.5% and a 31.7% success rate. O’rourke covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Kelt Exploration Ltd, and NuVista Energy Ltd.
Currently, the analyst consensus on Kelt Exploration is a Strong Buy with an average price target of C$8.13, which is a 64.9% upside from current levels. In a report released today, BMO Capital also reiterated a Buy rating on the stock with a C$7 price target.
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Kelt Exploration’s market cap is currently C$905.2M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.02.
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$4.93, close to its 52-week low of C$3.97.
