Kelt Exploration (TSE:KEL) PT Lowered to C$7.00 at Raymond James

Kelt Exploration (TSE:KEL) had its price objective decreased by Raymond James from C$9.50 to C$7.00 in a research note released on Thursday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. CIBC cut their price target on shares of WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. Canaccord Genuity restated a buy rating and set a $7.50 price target on shares of in a report on Tuesday, July 9th. BMO Capital Markets cut their price target on shares of Pentair to $39.00 and set a market perform rating on the stock in a report on Thursday, April 18th. Finally, GMP Securities restated a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Kelt Exploration presently has a consensus rating of Buy and an average price target of C$7.88.

Kelt Exploration stock opened at C$3.79 on Thursday. The company has a market cap of $697.53 million and a P/E ratio of 42.11. The firm’s fifty day simple moving average is C$4.15. The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 30.48. Kelt Exploration has a 1-year low of C$3.66 and a 1-year high of C$10.01.

Kelt Exploration (TSE:KEL) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.05 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.02. The business had revenue of C$102.59 million for the quarter, compared to the consensus estimate of C$106.30 million. As a group, equities research analysts anticipate that Kelt Exploration will post 0.13 EPS for the current year.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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Analyst Recommendations for Kelt Exploration (TSE:KEL)

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