11:01 AM EST, 03/08/2024 (MT Newswires) -- National Bank of Canada said Friday that Kelt Exploration Ltd. ( KELTF ) 's cash flow per share of $0.33 beat the consensus forecast of $0.32.

Average production of 32,300 barrels of oil equivalent per day matched the bank's forecast.

National Bank said Kelt delivered a "solid culmination to the year" while the company remains a standout within the group.

The bank also cited Kelt's "best-in-class momentum and tangible value creation from which to derive meaningful value."

National Bank gave Kelt an outperform rating with a $7.50 price target.

Price: 6.05, Change: -0.01, Percent Change: -0.17