Time to Buy Kelt Exploration Ltd After Today’s Huge Decline?

 Time to Buy Kelt Exploration Ltd After Today's Huge Decline?

The stock of Kelt Exploration Ltd (TSE:KEL) is a huge mover today! About 306,618 shares traded hands. Kelt Exploration Ltd (TSE:KEL) has risen 65.37% since March 10, 2016 and is uptrending. It has outperformed by 59.76% the S&P500.
The move comes after 9 months negative chart setup for the $1.10 billion company. It was reported on Oct, 17 by Barchart.com. We have $5.66 PT which if reached, will make TSE:KEL worth $99.00M less.

Kelt Exploration Ltd (TSE:KEL) Ratings Coverage

Out of 4 analysts covering Kelt Exploration Ltd. (TSE:KEL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $12 is the highest target while $4.75 is the lowest. The $7.25 average target is 16.56% above today’s ($6.22) stock price. Kelt Exploration Ltd. has been the topic of 29 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Kelt Exploration Ltd (TSE:KEL) earned “Outperform” rating by IBC on Tuesday, August 11. Raymond James maintained Kelt Exploration Ltd (TSE:KEL) rating on Monday, June 6. Raymond James has “” rating and $6.50 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 11 report. The firm has “Sector Performer” rating given on Wednesday, October 28 by IBC. Scotia Capital maintained Kelt Exploration Ltd (TSE:KEL) on Friday, August 12 with “Outperform” rating. Credit Suisse maintained Kelt Exploration Ltd (TSE:KEL) rating on Tuesday, August 11. Credit Suisse has “Neutral” rating and $8.50 price target. On Tuesday, August 11 the stock rating was maintained by TD Securities with “Buy”. The rating was maintained by Paradigm Research with “Buy” on Tuesday, August 11. The rating was maintained by Desjardins Securities with “” on Tuesday, June 28.

More recent Kelt Exploration Ltd (TSE:KEL) news were published by: Business.Financialpost.com which released: “Kelt Exploration Ltd picks up Artek Exploration Ltd for $307 million, eyes …” on February 23, 2015. Also Marketwired.com published the news titled: “Kelt Exploration Announces $80.0 Million Convertible Debenture Financing and …” on April 11, 2016. Seekingalpha.com‘s news article titled: “Will Kelt Exploration Survive?” with publication date: February 11, 2016 was also an interesting one.

Kelt Exploration Ltd. is an oil and gas firm based in Calgary, Alberta. The company has a market cap of $1.10 billion. The Firm is focused on the exploration, development and production of natural gas and crude oil resources, primarily in west central Alberta and northeastern British Columbia. It currently has negative earnings. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie , Alberta; Karr, Alberta, and Grande Cache, Alberta.

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