Delphi Energy (TSE:DEE) had its price objective dropped by analysts at Royal Bank of Canada from C$0.20 to C$0.15 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 100.00% from the company’s current price.
Separately, Cormark raised their price objective on shares of Delphi Energy from C$0.30 to C$0.35 in a report on Friday, August 9th.
Shares of DEE stock traded down C$0.01 on Tuesday, reaching C$0.08. The company had a trading volume of 835,778 shares, compared to its average volume of 201,520. The stock has a market capitalization of $14.84 million and a PE ratio of -0.16. The company has a quick ratio of 0.69, a current ratio of 1.36 and a debt-to-equity ratio of 185.76. Delphi Energy has a one year low of C$0.07 and a one year high of C$0.84. The business’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.20.
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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