Kelt Exploration (KELTF) Gets a Buy Rating from Raymond James

Raymond James analyst Jeremy Mccrea maintained a Buy rating on Kelt Exploration (KELTFResearch Report) on July 23 and set a price target of C$3.25. The company’s shares closed last Friday at $1.42.

According to TipRanks.com, Mccrea is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.5% and a 27.1% success rate. Mccrea covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Whitecap Resources, and PrairieSky Royalty.

Currently, the analyst consensus on Kelt Exploration is a Strong Buy with an average price target of $2.09, which is a 44.1% upside from current levels. In a report issued on July 23, Canaccord Genuity also upgraded the stock to Buy with a price target.

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The company has a one-year high of $3.75 and a one-year low of $0.54. Currently, Kelt Exploration has an average volume of 13.17K.

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Kelt Exploration Ltd. is an oil and gas company, which engages in the exploration, development, and production of crude oil and natural gas resources. It operates in the area of Grande Prairie in northwestern Alberta and Fort St. John in northeastern British Columbia. The company was founded on October 11, 2012 and is headquartered in Calgary, Canada.