Delphi Energy (DEE) Hits New 1-Year Low at $0.98

Delphi Energy Corp. (TSE:DEE)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.98 and last traded at C$1.03, with a volume of 193500 shares changing hands. The stock had previously closed at C$1.08.

Several equities research analysts recently weighed in on DEE shares. BMO Capital Markets reissued an “outperform” rating and set a C$1.75 price target on shares of Delphi Energy in a research report on Wednesday, October 18th. Stifel Nicolaus reissued an “outperform” rating and set a C$1.75 price target on shares of Delphi Energy in a research report on Wednesday, October 18th. Finally, GMP Securities raised their price target on shares of Delphi Energy from C$1.40 to C$1.50 in a research report on Monday, November 13th.

The stock has a market cap of $192.89, a PE ratio of -10.50 and a beta of 1.94.

In related news, insider Michael Galvin sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$1.21, for a total transaction of C$30,250.00. Insiders have purchased 18,000 shares of company stock valued at $21,110 in the last three months.

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About Delphi Energy

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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