Royal Bank of Canada Trims Delphi Energy (TSE:DEE) Target Price to C$0.10

Delphi Energy (TSE:DEE) had its price target lowered by investment analysts at Royal Bank of Canada from C$0.15 to C$0.10 in a research note issued to investors on Friday, BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 81.82% from the stock’s previous close.

Separately, Cormark upped their target price on shares of Delphi Energy from C$0.30 to C$0.35 in a research report on Friday, August 9th.

DEE remained flat at $C$0.06 on Friday. 282,260 shares of the company’s stock traded hands, compared to its average volume of 221,422. The company has a quick ratio of 0.69, a current ratio of 1.36 and a debt-to-equity ratio of 185.76. The business has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.17. Delphi Energy has a one year low of C$0.05 and a one year high of C$0.68. The firm has a market capitalization of $11.13 million and a price-to-earnings ratio of -0.12.

Delphi Energy (TSE:DEE) last issued its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C($0.01) by C$0.05. The company had revenue of C$27.97 million for the quarter. On average, sell-side analysts predict that Delphi Energy will post -0.0109091 earnings per share 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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