Kelt Exploration Ltd. (KELTF) – What Are Researchers Saying About This Stock?

Kelt Exploration Ltd. (OTCMKTS:KELTF) has been given a consensus rating of “Buy” by the six analysts that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating.

A number of analysts have recently issued reports on KELTF shares. TD Securities reiterated a “buy” rating on shares of Kelt Exploration in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kelt Exploration in a research report on Friday, October 9th. Raymond James Financial restated an “outperform” rating on shares of Kelt Exploration in a research note on Wednesday, September 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Kelt Exploration in a research report on Monday.

Kelt Exploration Price Performance

Shares of KELTF stock traded up $0.26 during trading hours on Monday, reaching $8.31. The company had a trading volume of 1,500 shares, compared to its average volume of 61,391. Kelt Exploration has a twelve month low of $4.35 and a twelve month high of $8.31. The stock’s fifty day simple moving average is $7.51 and its 200 day simple moving average is $7.00.

About Kelt Exploration

Kelt Exploration Ltd. is a Canadian oil and natural gas exploration and production company. The company focuses on the acquisition, development and operation of petroleum and natural gas properties, with an emphasis on light oil, condensate and liquids-rich natural gas.

Kelt’s operations are concentrated in Western Canada, particularly in Alberta and northeastern British Columbia. Its asset base includes interests in several resource plays and conventional properties, where the company uses horizontal drilling and multi-stage hydraulic fracturing to develop hydrocarbon reserves.

Founded in 2012, Kelt Exploration has grown through exploration, acquisitions and the development of its Western Canadian properties.