Royal Bank of Canada Lowers Delphi Energy (TSE:DEE) Price Target to C$0.20

Delphi Energy (TSE:DEE) had its target price dropped by research analysts at Royal Bank of Canada from C$0.25 to C$0.20 in a report released on Thursday, BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 66.67% from the company’s current price.

A number of other research firms also recently weighed in on DEE. BMO Capital Markets downgraded Delphi Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$0.60 to C$0.30 in a research report on Wednesday, May 8th. Raymond James set a C$0.65 target price on Delphi Energy and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Finally, Cormark decreased their target price on Delphi Energy from C$0.45 to C$0.35 in a research report on Monday, July 15th.

DEE stock remained flat at $C$0.12 during trading on Thursday. The company had a trading volume of 81,699 shares, compared to its average volume of 180,431. Delphi Energy has a fifty-two week low of C$0.12 and a fifty-two week high of C$0.90. The firm has a market capitalization of $21.34 million and a price-to-earnings ratio of -0.55. The business has a fifty day moving average price of C$0.15. The company has a debt-to-equity ratio of 116.72, a current ratio of 0.73 and a quick ratio of 0.54.

Delphi Energy (TSE:DEE) last released its earnings results on Tuesday, May 7th. The company reported C($0.10) earnings per share for the quarter. The company had revenue of C$26.35 million during the quarter. As a group, analysts forecast that Delphi Energy will post 0.0722581 earnings per share for the current fiscal year.

Delphi Energy Company Profile

Delphi Energy Corp., an oil and natural gas company, explores for, develops, and produces 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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