Royal Bank Of Canada Increases Kelt Exploration (TSE:KEL) Price Target to C$8.50

Kelt Exploration (TSE:KEL - Free Report) had its target price increased by Royal Bank Of Canada from C$8.00 to C$8.50 in a research note published on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and gas exploration company's stock.

Several other equities analysts have also recently weighed in on KEL. CIBC dropped their price objective on Kelt Exploration from C$11.50 to C$10.75 in a research note on Thursday, April 10th. Raymond James Financial set a C$9.50 target price on Kelt Exploration and gave the stock an "outperform" rating in a research note on Tuesday, April 8th.

Kelt Exploration Stock Down 1.1%

Shares of TSE:KEL traded down C$0.08 during mid-day trading on Monday, hitting C$7.36. 185,917 shares of the company traded hands, compared to its average volume of 397,538. The stock has a market cap of C$1.46 billion, a P/E ratio of 26.09 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. Kelt Exploration has a 12-month low of C$4.90 and a 12-month high of C$7.86. The stock has a 50-day moving average price of C$6.75 and a two-hundred day moving average price of C$6.61.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.