Kelt Exploration (KELTF) to Post Quarterly Earnings on Thursday

Kelt Exploration (OTCMKTS:KELTF) is anticipated to release its results before the market opens on Thursday, August 6th. Analysts expect Kelt Exploration to post earnings of $0.1267 per share and revenue of $112.4890 million for the quarter.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at $6.87 on Thursday. The stock’s 50-day moving average is $6.73 and its 200-day moving average is $6.48. Kelt Exploration has a one year low of $4.35 and a one year high of $8.24.

Analysts Set New Price Targets

Several research firms have commented on KELTF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kelt Exploration in a research note on Friday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kelt Exploration in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

About Kelt Exploration

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.