After Today’s Huge Increase, Is Kelt Exploration Ltd’s Near-Term Analysis Positive?


 After Today's Huge Increase, Is Kelt Exploration Ltd's Near Term Analysis Positive?

The stock of Kelt Exploration Ltd (TSE:KEL) is a huge mover today! About 193,527 shares traded hands. Kelt Exploration Ltd (TSE:KEL) has risen 52.70% since March 11, 2016 and is uptrending. It has outperformed by 47.21% the S&P500.
The move comes after 7 months positive chart setup for the $1.09B company. It was reported on Oct, 18 by We have $10.56 PT which if reached, will make TSE:KEL worth $708.50M more.

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 13.28% above today’s ($6.4) 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 “Neutral” rating by Credit Suisse on Tuesday, August 11. The stock has “” rating given by Raymond James on Monday, June 6. Paradigm Research maintained it with “Buy” rating and $10 target price in Tuesday, August 11 report. As per Wednesday, October 28, the company rating was downgraded by IBC. As per Tuesday, August 11, the company rating was maintained by RBC Capital Markets. The stock of Kelt Exploration Ltd (TSE:KEL) earned “Outperform” rating by Scotia Capital on Friday, August 12. The rating was maintained by IBC on Tuesday, August 11 with “Outperform”. The rating was maintained by Desjardins Securities on Tuesday, June 28 with “”. The stock has “Buy” rating given by TD Securities on Tuesday, August 11.

More important recent Kelt Exploration Ltd (TSE:KEL) news were published by: which released: “Kelt Exploration Ltd picks up Artek Exploration Ltd for $307 million, eyes …” on February 23, 2015, also published article titled: “Kelt Exploration Announces $80.0 Million Convertible Debenture Financing and …”, published: “Will Kelt Exploration Survive?” on February 11, 2016. More interesting news about Kelt Exploration Ltd (TSE:KEL) was released by: and their article: “Kelt Exploration and Artek Exploration Complete Plan of Arrangement” with publication date: April 16, 2015.

Kelt Exploration Ltd. is an oil and gas firm based in Calgary, Alberta. The company has a market cap of $1.09 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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