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Experts agree that Kelt Exploration (KEL-T) has strong drilling activity, no debt, and a good balance sheet with healthy profit margins. It is considered a strong name for consistency, low debt levels, and diversification benefits in the oil and gas sector. The stock trades at attractive valuations with a 1.0X price to book and a 7.5X forward P/E. While it does not pay a dividend, experts see potential for growth and value in KEL.
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, there was no coverage of Kelt Exploration published on Stockchase.
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.
0 stock analysts on Stockchase covered Kelt Exploration In the last year. It is a trending stock that is worth watching.
On 2024-11-06, Kelt Exploration (KEL-T) stock closed at a price of $6.45.
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.
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