Delphi Energy (DEE) Price Target Cut to C$0.70 by Analysts at Royal Bank of Canada

Delphi Energy (TSE:DEE) had its price target reduced by Royal Bank of Canada from C$1.25 to C$0.70 in a research note published on Tuesday.

Several other research firms also recently weighed in on DEE. BMO Capital Markets lowered their price target on shares of Delphi Energy from C$1.40 to C$1.25 in a research note on Tuesday, October 9th. Raymond James lowered their price target on shares of Delphi Energy from C$1.75 to C$1.50 in a research note on Friday, October 5th. Finally, GMP Securities lowered their price target on shares of Delphi Energy from C$0.90 to C$0.70 in a research note on Thursday, December 13th.

Delphi Energy stock opened at C$0.43 on Tuesday. The company has a debt-to-equity ratio of 79.24, a quick ratio of 0.51 and a current ratio of 0.55. Delphi Energy has a twelve month low of C$0.34 and a twelve month high of C$1.08.

Delphi Energy (TSE:DEE) last posted its quarterly earnings results on Tuesday, November 13th. The company reported C$0.01 earnings per share for the quarter, topping the consensus estimate of C($0.01) by C$0.02. The business had revenue of C$31.40 million during the quarter. Research analysts anticipate that Delphi Energy will post 0.08 EPS for the current fiscal year.

About Delphi Energy

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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