Delphi Energy (TSE:DEE) has been assigned a C$1.00 price target by stock analysts at Raymond James in a report released on Friday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 177.78% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Delphi Energy from C$1.25 to C$0.70 in a research report on Tuesday, January 8th. GMP Securities lowered their price objective on shares of Delphi Energy from C$0.90 to C$0.70 in a research report on Thursday, December 13th. Finally, Beacon Securities cut shares of Delphi Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th.
DEE stock remained flat at $C$0.36 during trading on Friday. 125,000 shares of the company were exchanged, compared to its average volume of 157,520. The firm has a market cap of $64.94 million and a PE ratio of -6.21. Delphi Energy has a twelve month low of C$0.29 and a twelve month high of C$1.03. The company has a debt-to-equity ratio of 79.24, a quick ratio of 0.51 and a current ratio of 0.55.
In other Delphi Energy news, insider Harry Sinclair Campbell purchased 145,000 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was purchased at an average cost of C$0.38 per share, for a total transaction of C$55,100.00. Following the transaction, the insider now owns 1,422,075 shares in the company, valued at approximately C$540,388.50.
Delphi Energy Company Profile
Delphi Energy Corp. engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in western Canada. The company primarily holds interests in the Bigstone Montney property located in the Deep Basin of Northwest Alberta. It distributes natural gas through Alliance pipeline system in Chicago.
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