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Kelt Exploration ( (TSE:KEL) ) has provided an update.
Kelt Exploration has set a 2026 capital expenditure budget of $355 million, allocating the bulk to drilling and completions across its core Montney-focused divisions, with additional spending on facilities, pipelines and land. Based on conservative commodity price assumptions, the company is targeting a 26% increase in average production to 50,000–52,000 BOE per day and a 27% rise in adjusted funds from operations to $355 million, while keeping year-end net debt flat at $170 million and maintaining a relatively conservative net debt-to-AFFO ratio of 0.5 times, underscoring its plan to grow output and cash flow without materially increasing leverage.
The most recent analyst rating on (TSE:KEL) stock is a Buy with a C$11.00 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 reflects its strong financial performance, particularly in revenue growth and profitability margins, which are the most significant factors. The technical analysis indicates a balanced outlook, while the valuation suggests the stock may be slightly overvalued. The absence of earnings call data and corporate events did not impact the score.
To see Spark’s full report on TSE:KEL stock, click here.
More about Kelt Exploration
Kelt Exploration Ltd. is a Calgary-based oil and gas producer listed on the Toronto Stock Exchange, focused on the exploration and development of liquids-rich natural gas and light oil in Western Canada, with core operations in the Oak/Flatrock, Pouce Coupe/Progress/Spirit River, and Wembley/Pipestone Montney regions.
YTD Price Performance: 2.35%
Average Trading Volume: 516,941
Technical Sentiment Signal: Buy
Current Market Cap: C$1.57B
Learn more about KEL stock on TipRanks’ Stock Analysis page.