Canaccord Genuity Cuts Kelt Exploration (TSE:KEL) Price Target to C$8.00

Kelt Exploration (TSE:KEL) had its price target trimmed by Canaccord Genuity from C$10.00 to C$8.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Raymond James reaffirmed a buy rating on shares of Kelt Exploration in a research report on Friday, May 31st. CIBC dropped their target price on WestJet Airlines from C$22.00 to C$21.00 in a research report on Tuesday, April 23rd. GMP Securities reaffirmed a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Finally, BMO Capital Markets dropped their target price on Pentair to $39.00 and set a market perform rating on the stock in a research report on Thursday, April 18th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Kelt Exploration has an average rating of Buy and an average target price of C$7.88.

Shares of KEL opened at C$3.89 on Tuesday. The firm has a 50 day simple moving average of C$4.16. Kelt Exploration has a 52-week low of C$3.66 and a 52-week high of C$10.01. The firm has a market cap of $701.21 million and a price-to-earnings ratio of 43.22. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.44 and a current ratio of 0.45.

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

Kelt Exploration Company Profile

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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