TD Cowen analyst has maintained their bullish stance on KELTF stock, giving a Buy rating on May 8.
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analyst has given his Buy rating due to a combination of factors related to Kelt’s improved cash generation and reinvestment potential. The commissioning of the CSV Albright gas plant, alongside unusually strong Vancouver sulfur prices, is adding a meaningful but not distorting uplift to cash flow that can be channeled into additional drilling.
The report emphasizes that reinvesting this sulfur-driven windfall into incremental Wembley and Pipestone wells materially enhances the company’s net present value profile. Updated Q1 modeling, along with refreshed relative and historical valuation work and commodity-price sensitivity analysis, supports the view that Kelt’s shares offer attractive upside versus its current valuation, justifying a Buy recommendation.
In another report released on May 8, BMO Capital also maintained a Buy rating on the stock with a C$12.00 price target.
KELTF’s price has also changed moderately for the past six months – from C$7.710 to C$9.640, which is a 25.03% increase.