Kelt Exploration Ltd Declines Again; Strong Momentum for Sellers

 Kelt Exploration Ltd Declines Again; Strong Momentum for Sellers

The stock of Kelt Exploration Ltd (TSE:KEL) is a huge mover today! About 1.12 million shares traded hands. Kelt Exploration Ltd (TSE:KEL) has risen 49.01% since March 24, 2016 and is uptrending. It has outperformed by 45.54% the S&P500.
The move comes after 7 months negative chart setup for the $1.01 billion company. It was reported on Oct, 31 by Barchart.com. We have $5.42 PT which if reached, will make TSE:KEL worth $90.90 million 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. Kelt Exploration Ltd. has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by IBC to “Sector Performer” on Wednesday, October 28. Desjardins Securities maintained Kelt Exploration Ltd (TSE:KEL) on Tuesday, June 28 with “” rating. As per Monday, June 6, the company rating was maintained by Raymond James. As per Tuesday, August 11, the company rating was maintained by Paradigm Research. The firm has “Outperform” rating given on Friday, August 12 by Scotia Capital. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, August 11. On Tuesday, August 11 the stock rating was maintained by Credit Suisse with “Neutral”. TD Securities maintained Kelt Exploration Ltd (TSE:KEL) on Tuesday, August 11 with “Buy” rating. The company was maintained on Tuesday, August 11 by IBC.

More recent Kelt Exploration Ltd (TSE:KEL) news were published by: Marketwired.com which released: “Kelt Exploration Announces $80.0 Million Convertible Debenture Financing and …” on April 11, 2016. Also Marketwired.com published the news titled: “Artek Exploration Ltd. Announces Business Combination With Kelt Exploration Ltd.” on February 23, 2015. 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 $1.01 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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