Kelt Exploration (KEL), has been popular among analysts lately, as after Raymond James and GMP FirstEnergy rated the stock a Buy this past month, there is another positive note, this time from TD Securities. Yesterday, analyst Juan Jarrah gave a Buy rating to KEL and set a C$7.50 price target.
According to TipRanks.com, Jarrah has 0 stars on 0-5 star ranking scale with an average return of -26.4% and a 12.3% success rate. Jarrah covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Bellatrix Exploration.
Currently, the analyst consensus on Kelt Exploration is a Strong Buy with an average price target of C$8.32, which is a 68.8% upside from current levels. In a report released yesterday, 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$907M 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.
