Kelt Exploration Ltd. (KELTF) – What Are Investment Firms Thinking About This Stock?

Kelt Exploration Ltd. (OTCMKTS:KELTF) has earned a consensus rating of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating.

KELTF has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kelt Exploration in a report on Friday, October 9th. TD Securities restated a “buy” rating on shares of Kelt Exploration in a research note on Friday, August 7th. Scotiabank reaffirmed an “outperform” rating on shares of Kelt Exploration in a research report on Monday. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Kelt Exploration in a research report on Wednesday, September 16th.

Kelt Exploration Stock Up 3.2%

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

Kelt Exploration Company Profile

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.