Kelt Exploration (OTCMKTS:KELTF) Trading Down 0.8% – What’s Next?

Kelt Exploration Ltd. (OTCMKTS:KELTF) traded down 0.8% during trading on Thursday . The stock traded as low as $6.44 and last traded at $6.44. 25,525 shares were traded during trading, a decline of 44% from the average session volume of 45,711 shares. The stock had previously closed at $6.49.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. TD Securities reiterated a “buy” rating on shares of Kelt Exploration in a research report on Friday, November 14th. Roth Mkm initiated coverage on shares of Kelt Exploration in a research note on Friday, December 19th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Kelt Exploration Stock Performance

The stock has a 50-day simple moving average of $5.84 and a 200 day simple moving average of $5.33.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.

The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.