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Kelt Exploration ( (TSE:KEL) ) has provided an update.
Kelt Exploration Ltd. announced that the start-up of the third-party operated Albright Gas Plant, which is crucial for its operations in the Wembley/Pipestone area, has been delayed due to equipment issues. The delay affects Kelt’s production capacity, as the company has contracted a significant portion of the plant’s processing capacity. The delay could impact Kelt’s 2025 production guidance, with a potential reduction in daily average production if the plant’s start-up continues to be postponed.
The most recent analyst rating on (TSE:KEL) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Kelt Exploration stock, see the TSE:KEL Stock Forecast page.
Spark’s Take on TSE:KEL Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEL is a Neutral.
Kelt Exploration’s overall stock score is primarily influenced by its stable financial performance, with a strong balance sheet and positive revenue growth. However, technical analysis indicates bearish momentum, which is a significant risk. The valuation is reasonable, but the lack of a dividend yield may deter some investors. Cash flow concerns also weigh on the overall score.
To see Spark’s full report on TSE:KEL stock, click here.
More about Kelt Exploration
Kelt Exploration Ltd. is a company operating in the oil and gas industry, focusing on the exploration and production of oil, natural gas, and natural gas liquids. The company is engaged in activities primarily in Alberta, Canada, with a significant presence in the Wembley/Pipestone area.
Average Trading Volume: 338,083
Technical Sentiment Signal: Buy
Current Market Cap: C$1.31B
Learn more about KEL stock on TipRanks’ Stock Analysis page.