Kelt Exploration (OTCMKTS:KELTF) Trading Up 3.7% – Should You Buy?

Kelt Exploration Ltd. (OTCMKTS:KELTF)’s stock price traded up 3.7% during mid-day trading on Wednesday . The company traded as high as $6.3740 and last traded at $6.31. 34,007 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 50,608 shares. The stock had previously closed at $6.0860.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Roth Mkm assumed coverage on shares of Kelt Exploration in a report on Friday, December 19th. They set a “buy” rating for the company. TD Securities reaffirmed a “buy” rating on shares of Kelt Exploration in a report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Kelt Exploration Stock Performance

The firm has a 50 day moving average of $5.57 and a 200-day moving average of $5.19.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.

The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.