Can Kelt Exploration Ltd’s Tomorrow be Different? The Stock Just Gapped Up

 Can Kelt Exploration Ltd's Tomorrow be Different? The Stock Just Gapped Up

The stock of Kelt Exploration Ltd (TSE:KEL) gapped up by $0.04 today and has $9.56 target or 55.00% above today’s $6.17 share price. The 5 months technical chart setup indicates low risk for the $1.14B company. The gap was reported on Nov, 15 by Barchart.com. If the $9.56 price target is reached, the company will be worth $627.00 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 628,913 shares traded hands. Kelt Exploration Ltd (TSE:KEL) has risen 52.31% since April 11, 2016 and is uptrending. It has outperformed by 48.38% the S&P500.

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 $7.27 average target is 17.83% above today’s ($6.17) stock price. Kelt Exploration Ltd. has been the topic of 32 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 11 by TD Securities. The stock has “Action List Buy” rating given by TD Securities on Friday, November 11. The stock of Kelt Exploration Ltd (TSE:KEL) earned “” rating by Raymond James on Monday, June 6. The stock of Kelt Exploration Ltd (TSE:KEL) has “Outperform” rating given on Tuesday, August 11 by IBC. The stock has “Outperform” rating given by Scotia Capital on Friday, August 12. The stock of Kelt Exploration Ltd (TSE:KEL) earned “Neutral” rating by Credit Suisse on Tuesday, August 11. Paradigm Research maintained Kelt Exploration Ltd (TSE:KEL) rating on Tuesday, August 11. Paradigm Research has “Buy” rating and $10 price target. The stock of Kelt Exploration Ltd (TSE:KEL) earned “Sector Performer” rating by IBC on Wednesday, October 28. Desjardins Securities maintained Kelt Exploration Ltd (TSE:KEL) rating on Tuesday, June 28. Desjardins Securities has “” rating and $6.50 price target. The stock of Kelt Exploration Ltd (TSE:KEL) earned “Outperform” rating by Scotia Capital on Friday, November 11.

Kelt Exploration Ltd. is an oil and gas firm based in Calgary, Alberta. The company has a market cap of $1.14 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment