Raymond James analyst Luke Davis has maintained their bullish stance on KELTF stock, giving a Buy rating today.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Luke Davis has given his Buy rating due to a combination of factors surrounding Kelt Exploration’s recent developments and future prospects. The company has successfully brought the CSV Albright facility online after numerous delays, which is expected to significantly boost production volumes. This operational milestone aligns with a favorable seasonal outlook for gas pricing, enhancing the company’s revenue potential in the near term.
Despite some concerns about operational reliability and higher unit cash costs impacting cash flow per share, the strategic price-driven shut-ins and a disciplined capital program underscore Kelt’s commitment to financial prudence. The anticipation of a formalized 2026 outlook and ongoing improvements in completion designs further support the positive long-term growth trajectory, justifying the Buy rating.
In another report released today, CIBC also maintained a Buy rating on the stock with a C$11.00 price target.
KELTF’s price has also changed moderately for the past six months – from C$6.280 to C$7.700, which is a 22.61% increase.