Deltic Energy (LON:DELT) Trading 1.1% Higher – Should You Buy?

Shares of Deltic Energy Plc (LON:DELT) traded up 1.1% during trading on Thursday . The company traded as high as GBX 6 ($0.07) and last traded at GBX 5.31 ($0.06). 190,221 shares were traded during mid-day trading, an increase of 107% from the average session volume of 92,041 shares. The stock had previously closed at GBX 5.25 ($0.06).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Deltic Energy from GBX 95 ($1.16) to GBX 85 ($1.04) and set a “speculative buy” rating on the stock in a report on Thursday, September 26th.

Deltic Energy Trading Down 7.3 %

The company has a current ratio of 1.70, a quick ratio of 30.42 and a debt-to-equity ratio of 3.02. The company has a fifty day simple moving average of GBX 5.82 and a 200-day simple moving average of GBX 7.59. The company has a market capitalization of £4.75 million, a PE ratio of -22.17 and a beta of 1.63.

About Deltic Energy

An emerging UK focused E&P company