Delphi Energy (TSE:DEE) Given New C$0.35 Price Target at Cormark

Delphi Energy (TSE:DEE) had its price objective raised by Cormark from C$0.30 to C$0.35 in a report published on Friday, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. BMO Capital Markets lowered shares of Delphi Energy from an outperform rating to a market perform rating and lowered their price target for the company from C$0.60 to C$0.30 in a report on Wednesday, May 8th. Raymond James set a C$0.65 target price on shares of Delphi Energy and gave the stock an outperform rating in a report on Wednesday, May 15th. Finally, Royal Bank of Canada lowered their target price on shares of Delphi Energy from C$0.25 to C$0.20 in a report on Thursday.

Shares of Delphi Energy stock traded down C$0.01 during midday trading on Friday, reaching C$0.12. The company had a trading volume of 113,400 shares, compared to its average volume of 180,586. The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 116.72. The firm has a market cap of $22.27 million and a P/E ratio of -0.55. The company’s fifty day moving average is C$0.15. Delphi Energy has a 1-year low of C$0.12 and a 1-year high of C$0.87.

Delphi Energy (TSE:DEE) last issued its quarterly 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 for the quarter. Equities research analysts expect that Delphi Energy will post 0.0722581 earnings per share for the current year.

About Delphi Energy

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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