Kelt Exploration Ltd (TSE:KEL) Has Just Had Its PT Lowered by Equity Analysts at National Bank Financial to $7.00

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Analysis: Kelt Exploration Ltd (TSE:KEL) Stock Target Has Been Increased Today

In an interesting research report sent to clients and investors by National Bank Financial on Thursday morning, the firm, Kelt Exploration Ltd (TSE:KEL), had their price target lowered to $7.00. Analusts currently have a solid Outperform rating on the stock.

From a total of 17 analysts covering Kelt Exploration Ltd. (TSE:KEL) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $8.26 while the lowest target price is $4.51. The mean of all analyst targets is $6.23 with a 103.04% above today’s ($4.61) stock price. Kelt Exploration Ltd. was the topic of 14 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. IBC downgraded shares on October 28 to “Sector Performer” rating. Paradigm Research maintained KEL stock in a recent report from August 11 with “Buy” rating.

Approximately 585,084 shares of stock traded hands. Kelt Exploration Ltd (TSE:KEL) has declined 50.27% since April 30, 2015 and is downtrending. It has underperformed by 49.98% the S&P500.

Kelt Exploration Ltd (TSE:KEL) Has Just Had Its PT Lowered by Equity Analysts at National Bank Financial to $7.00

Kelt Exploration Ltd. is an oil and gas company. The company has a market cap of $777.24 million. 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 assets include interests in petroleum, natural gas and related hydrocarbon rights and related personal property interests, including a liquids-rich gas property in the Inga area of northeastern British Columbia; a gas property in the Grande Cache area of Alberta, and an oil prospect in the Karr area of west central Alberta.

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