Kelt Exploration (OTCMKTS:KELTF) Downgraded by Raymond James to “Market Perform”

Raymond James downgraded shares of Kelt Exploration (OTCMKTS:KELTF – Get Rating) from an outperform rating to a market perform rating in a research report released on Monday morning, The Fly reports.

A number of other analysts also recently commented on KELTF. BMO Capital Markets lowered their target price on Kelt Exploration from C$10.00 to C$9.00 in a research note on Friday, November 11th. Stifel Nicolaus began coverage on Kelt Exploration in a research note on Thursday, January 12th. They issued a buy rating on the stock. TD Securities lowered their target price on Kelt Exploration from C$9.00 to C$8.50 in a research note on Friday, November 11th. Finally, National Bank Financial lowered their target price on Kelt Exploration from C$8.00 to C$7.50 in a research note on Wednesday, January 11th.

Kelt Exploration Price Performance

Shares of KELTF stock opened at $3.70 on Monday. Kelt Exploration has a fifty-two week low of $3.30 and a fifty-two week high of $6.60. The stock’s 50-day simple moving average is $3.83 and its 200-day simple moving average is $4.30.

About Kelt Exploration

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Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids production primarily to third party marketing companies.