Kelt Exploration (TSE:KEL - Free Report) had its target price boosted by Royal Bank Of Canada from C$8.00 to C$8.50 in a research report released on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the oil and gas exploration company's stock.
KEL has been the subject of a number of other research reports. CIBC reduced 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 price target on Kelt Exploration and gave the company an "outperform" rating in a research report on Tuesday, April 8th.
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Kelt Exploration Stock Up 1.4%
Shares of KEL traded up C$0.10 during mid-day trading on Monday, hitting C$7.44. 368,163 shares of the company traded hands, compared to its average volume of 399,217. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. Kelt Exploration has a 1-year low of C$4.90 and a 1-year high of C$7.86. The company has a market capitalization of C$1.47 billion, a PE ratio of 26.37 and a beta of 1.93. The business has a 50 day moving average of C$6.68 and a 200 day moving average of C$6.59.
About Kelt Exploration
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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.
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