Royal Bank of Canada Cuts Delphi Energy (TSE:DEE) Price Target to C$0.25

Delphi Energy (TSE:DEE) had its price target decreased by Royal Bank of Canada from C$0.35 to C$0.25 in a research report released on Thursday, BayStreet.CA reports.

A number of other research firms have also recently commented on DEE. Raymond James restated a buy rating and set a $0.65 target price on shares of DB Commodity Double Short ETN in a research note on Wednesday, May 15th. Cormark decreased their target price on shares of Delphi Energy from C$0.45 to C$0.35 in a research note on Monday, July 15th. Finally, BMO Capital Markets cut shares of Capital Power from an outperform rating to a market perform rating in a research note on Wednesday, May 8th.

DEE opened at C$0.16 on Thursday. The company has a debt-to-equity ratio of 116.72, a quick ratio of 0.54 and a current ratio of 0.73. The stock has a market capitalization of $29.69 million and a P/E ratio of -0.73. The business has a 50 day simple moving average of C$0.16. Delphi Energy has a 12-month low of C$0.12 and a 12-month high of C$0.91.

Delphi Energy (TSE:DEE) last released its earnings results on Tuesday, May 7th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$26.35 million for the quarter. As a group, research analysts predict that Delphi Energy will post 0.0722581 EPS 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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