Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Deltic Energy (LON:DELT)

Deltic Energy (LON:DELT)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research note issued on Wednesday, MarketBeat.com reports. They currently have a GBX 160 ($1.99) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 305.06% from the stock’s previous close.

Deltic Energy Price Performance

LON DELT opened at GBX 39.50 ($0.49) on Wednesday. Deltic Energy has a 1-year low of GBX 20 ($0.25) and a 1-year high of GBX 44 ($0.55). The company has a market capitalization of £36.77 million, a price-to-earnings ratio of -987.50 and a beta of 1.48. The stock’s 50 day moving average is GBX 33.71 and its two-hundred day moving average is GBX 27.25. The company has a current ratio of 3.70, a quick ratio of 30.42 and a debt-to-equity ratio of 0.75.

Insider Transactions at Deltic Energy

In other news, insider Peter Cowley sold 50,924 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of GBX 36 ($0.45), for a total transaction of £18,332.64 ($22,821.66). 32.28% of the stock is owned by insiders.

Deltic Energy Company Profile

Deltic Energy Plc, a natural resources investing company, engages in the exploration, evaluation, and development of oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020.