Kelt Exploration (KELTF) Projected to Post Earnings on Thursday

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

Kelt Exploration Stock Performance

Shares of KELTF stock opened at $6.87 on Thursday. The company has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $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 analysts have recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of Kelt Exploration in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kelt Exploration in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kelt Exploration presently has an average rating of “Buy”.

Kelt Exploration Company Profile

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.