The stock of Kelt Exploration Ltd (TSE:KEL) is a huge mover today! About 549,812 shares traded hands. Kelt Exploration Ltd (TSE:KEL) has risen 51.28% since March 28, 2016 and is uptrending. It has outperformed by 48.26% the S&P500.
The move comes after 8 months positive chart setup for the $1.06 billion company. It was reported on Nov, 1 by Barchart.com. We have $8.76 PT which if reached, will make TSE:KEL worth $445.20 million 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 $7.19 average target is 16.53% above today’s ($6.17) stock price. Kelt Exploration Ltd. has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, August 11 by IBC. Desjardins Securities maintained Kelt Exploration Ltd (TSE:KEL) rating on Tuesday, June 28. Desjardins Securities has “” rating and $6.50 price target. The company was maintained on Monday, June 6 by Raymond James. The firm has “Sector Performer” rating given on Wednesday, October 28 by IBC. Paradigm Research maintained Kelt Exploration Ltd (TSE:KEL) on Tuesday, August 11 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, August 11. As per Friday, August 12, the company rating was maintained by Scotia Capital. The rating was maintained by TD Securities on Tuesday, August 11 with “Buy”. Credit Suisse maintained the shares of KEL in a report on Tuesday, August 11 with “Neutral” rating.
More news for Kelt Exploration Ltd (TSE:KEL) were recently published by: Marketwired.com, which released: “Kelt Exploration Announces $80.0 Million Convertible Debenture Financing and …” on April 11, 2016. Marketwired.com‘s article titled: “Artek Exploration Ltd. Announces Business Combination With Kelt Exploration Ltd.” and published on February 23, 2015 is yet another important article.
Kelt Exploration Ltd. is an oil and gas firm based in Calgary, Alberta. The company has a market cap of $1.06 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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