Kelt Exploration (KELTF) Received its Third Buy in a Row

After Scotiabank and RBC Capital gave Kelt Exploration (Other OTC: KELTF) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Anthony Petrucci maintained a Buy rating on Kelt Exploration yesterday and set a price target of C$2.00. The company’s shares closed last Thursday at $1.16.

According to TipRanks.com, Petrucci ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -24.4% and a 22.4% success rate. Petrucci covers the Utilities sector, focusing on stocks such as Painted Pony Petroleum, Tamarack Valley Energy, and Crescent Point Energy.

Kelt Exploration has an analyst consensus of Moderate Buy, with a price target consensus of $1.42, which is a 28.0% upside from current levels. In a report issued on July 6, RBC Capital also maintained a Buy rating on the stock with a C$2.00 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 13.8K.

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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.