Delphi Energy Corp. (DEE) Trading Up 3.6%

Delphi Energy Corp. (TSE:DEE) was up 3.6% during trading on Thursday . The stock traded as high as C$1.19 and last traded at C$1.15. Approximately 196,664 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 157,914 shares. The stock had previously closed at C$1.11.

Several equities research analysts recently commented on DEE shares. Raymond James Financial, Inc. reduced their price objective on Delphi Energy Corp. from C$2.25 to C$2.20 and set a “strong-buy” rating for the company in a report on Thursday, August 3rd. Stifel Nicolaus reiterated an “outperform” rating and issued a C$1.75 price objective on shares of Delphi Energy Corp. in a report on Wednesday, October 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$1.75 price objective on shares of Delphi Energy Corp. in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Delphi Energy Corp. presently has an average rating of “Buy” and an average price target of C$1.84.

The stock’s market capitalization is $213.21 million. The stock’s 50 day moving average price is $1.18 and its 200-day moving average price is $1.22.

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About Delphi Energy Corp.

Delphi Energy Corp. (Delphi) is a Canada-based company engaged in the acquisition for and exploration, development and production of crude oil, natural gas and natural gas liquids in western Canada. The Company’s operations are principally concentrated in Northwest Alberta at Bigstone, which is in the Deep Basin of Northwest Alberta.

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