Kelt Exploration (TSE:KEL) had its target price cut by Royal Bank of Canada from C$8.00 to C$7.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.
Other analysts have also issued reports about the stock. Canaccord Genuity reissued a buy rating and set a $7.50 target price on shares of in a research note on Tuesday, July 9th. CIBC reissued a hold rating and set a $2.50 target price on shares of Advantage Oil & Gas in a research note on Thursday. BMO Capital Markets decreased their price objective on Pentair to $39.00 and set a market perform rating for the company in a report on Thursday, April 18th. GMP Securities restated a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Finally, Raymond James restated a hold rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of C$7.63.
Shares of KEL opened at C$3.86 on Thursday. The stock has a market capitalization of $710.41 million and a price-to-earnings ratio of 42.89. Kelt Exploration has a 12-month low of C$3.66 and a 12-month high of C$10.01. The company has a debt-to-equity ratio of 30.48, a current ratio of 0.45 and a quick ratio of 0.44. The company’s fifty day moving average is C$4.02.
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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