The FY2016 EPS Estimates for Kelt Exploration Ltd (KEL) Lifted by Cormark

The FY2016 EPS Estimates for Kelt Exploration Ltd (KEL) Lifted by Cormark

Kelt Exploration Ltd (TSE:KEL) – Cormark increased their FY2016 earnings estimates for shares of Kelt Exploration in a report released on Thursday. Cormark analyst A. Arif now expects that the firm will post earnings of ($0.45) per share for the year, up from their previous estimate of ($0.50). Cormark also issued estimates for Kelt Exploration’s Q4 2016 earnings at ($0.10) EPS, Q1 2017 earnings at ($0.05) EPS, Q2 2017 earnings at ($0.06) EPS, Q3 2017 earnings at ($0.04) EPS, Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.16) EPS and FY2018 earnings at ($0.10) EPS.

Several other brokerages have also issued reports on KEL. Scotiabank lifted their price target on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, January 5th. Desjardins lifted their price target on shares of Kelt Exploration from C$8.00 to C$8.50 in a research note on Thursday, January 5th. RBC Capital Markets lifted their price target on shares of Kelt Exploration from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, January 6th. BMO Capital Markets lifted their price target on shares of Kelt Exploration from C$7.25 to C$8.00 in a research note on Wednesday, December 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Kelt Exploration from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, January 6th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$7.63.

Shares of Kelt Exploration (TSE:KEL) opened at 6.82 on Monday. Kelt Exploration has a 12-month low of $2.81 and a 12-month high of $7.49. The company’s market capitalization is $1.20 billion. The firm’s 50-day moving average is $6.73 and its 200-day moving average is $5.78.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

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