Kelt Exploration (KEL) Gets a Buy Rating from TD Securities

By Carrie Williams

Kelt Exploration (TSX: KEL), the Materials sector company, was revisited by a Wall Street analyst on August 10. On August 10, analyst Juan Jarrah gave a Buy rating to KEL and set a C$12 price target.

Jarrah has an average return of 17.2% when recommending Kelt Exploration.

According to TipRanks.com, Jarrah is ranked #4743 out of 4848 analysts.

Read also: Crude Oil: Sell Now, Buy Later

Kelt Exploration has an analyst consensus of Strong Buy, with a price target consensus of C$12.13, which is a 28.1% upside from current levels. In a report issued on July 30, BMO Capital also reiterated a Buy rating on the stock with a C$13 price target.

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The company has a one-year high of C$10.01 and a one-year low of C$5.69. Currently, Kelt Exploration has an average volume of 674.2K.

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.

The company’s shares closed on Friday at C$9.47, close to its 52-week high of C$10.01.