The stock of Kelt Exploration Ltd (TSE:KEL) gapped up by $0.05 today and has $9.44 target or 47.00% above today’s $6.42 share price. The 9 months technical chart setup indicates low risk for the $1.14 billion company. The gap was reported on Nov, 21 by Barchart.com. If the $9.44 price target is reached, the company will be worth $535.80M 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 1.61M shares traded hands. Kelt Exploration Ltd (TSE:KEL) has risen 59.01% since April 15, 2016 and is uptrending. It has outperformed by 55.15% 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 13.24% above today’s ($6.42) stock price. Kelt Exploration Ltd. has been the topic of 32 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Paradigm Research maintained Kelt Exploration Ltd (TSE:KEL) rating on Tuesday, August 11. Paradigm Research has “Buy” rating and $10 price target. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities. The stock of Kelt Exploration Ltd (TSE:KEL) has “Neutral” rating given on Tuesday, August 11 by Credit Suisse. The stock of Kelt Exploration Ltd (TSE:KEL) earned “Outperform” rating by Scotia Capital on Friday, August 12. RBC Capital Markets maintained the shares of KEL in a report on Tuesday, August 11 with “Outperform” rating. TD Securities maintained the shares of KEL in a report on Tuesday, August 11 with “Buy” rating. The firm has “” rating by Raymond James given on Monday, June 6. The rating was maintained by Scotia Capital on Friday, November 11 with “Outperform”. TD Securities maintained Kelt Exploration Ltd (TSE:KEL) rating on Friday, November 11. TD Securities has “Action List Buy” rating and $9 price target. The rating was maintained by IBC on Tuesday, August 11 with “Outperform”.
Another recent and important Kelt Exploration Ltd (TSE:KEL) news was published by Marketwired.com which published an article titled: “Kelt Exploration Announces $80.0 Million Convertible Debenture Financing and …” on April 11, 2016.
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.