Kelt Exploration (KELTF) to Announce Quarterly Earnings on Thursday

Kelt Exploration (OTCMKTS:KELTF) is projected to announce its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.1549 per share and revenue of $112.4890 million for the quarter.

Kelt Exploration Stock Performance

Shares of OTCMKTS:KELTF opened at $7.08 on Tuesday. Kelt Exploration has a 12-month low of $4.35 and a 12-month high of $8.24. The business has a 50 day moving average of $6.71 and a 200-day moving average of $6.52.

Analysts Set New Price Targets

KELTF has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating on shares of Kelt Exploration in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kelt Exploration in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kelt Exploration currently has a consensus rating of “Buy”.

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.