RBC Capital Sticks to Its Buy Rating for Kelt Exploration (KELTF)
RBC Capital analyst Michael Harvey maintained a Buy rating on Kelt Exploration (KELTF) on January 11 and set a price target of C$3.25. The company’s shares closed last Tuesday at $1.74.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of 6.0% and a 49.2% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Advantage Oil & Gas.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kelt Exploration with a $2.15 average price target, a 31.9% upside from current levels. In a report issued on January 7, TD Securities also initiated coverage with a Buy rating on the stock with a C$2.50 price target.
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The company has a one-year high of $3.33 and a one-year low of $0.54. Currently, Kelt Exploration has an average volume of 7,683.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KELTF in relation to earlier this year.
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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.