Related posts
Rally pausesMost Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Friday rally offsets the week’s lossesThis summary was created by AI, based on 1 opinions in the last 12 months.
Kelt Exploration (KEL-T) is a strong name in the oil and gas sector with no debt and strong drilling activity. Experts agree on its strong balance sheet, healthy profit margins, and diversification benefits. Despite not paying a dividend, KEL is seen as a good name for its consistency and low debt levels.
The stock is down 70% this year on fear of their bank line, which is now fully drawn. They have applied for government loans -- one of the first in the patch to do so. At $40 oil they generate free cash flow. When the market is ready for a corporate sale, you could see a $4 stock price. Conoco-Phillips has been active along the fence line beside them and it could be a good target. Yield 0% (Analysts’ price target is $2.21)
Kelt Exploration is a Canadian stock, trading under the symbol KEL-T on the Toronto Stock Exchange (KEL-CT). It is usually referred to as TSX:KEL or KEL-T
In the last year, 1 stock analyst published opinions about KEL-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kelt Exploration.
Kelt Exploration was recommended as a Top Pick by on . Read the latest stock experts ratings for Kelt Exploration.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Kelt Exploration In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Kelt Exploration (KEL-T) stock closed at a price of $6.05.
KEL has strong drilling activity and currently no debt.
We have KEL in the growth model portfolio, and we like it for its diversification benefits, being in the oil and gas sector.
It is a strong name with a good balance sheet and healthy profit margins.
It trades at a 1.0X price to book, and a 7.5X forward P/E.
KEL does not pay a dividend.
KEL is a good name for strong consistency, low debt levels, and a strong balance sheet.
Unlock Premium - Try 5i Free