Canaccord Genuity Group Cuts Deltic Energy (LON:DELT) Price Target to GBX 85

Deltic Energy (LON:DELT) had its target price reduced by Canaccord Genuity Group from GBX 95 ($1.27) to GBX 85 ($1.14) in a research note released on Thursday morning, Marketbeat.com reports. They currently have a speculative buy rating on the stock.

Deltic Energy Stock Performance

Shares of DELT opened at GBX 5.27 ($0.07) on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 30.42 and a current ratio of 3.52. Deltic Energy has a twelve month low of GBX 4.50 ($0.06) and a twelve month high of GBX 44 ($0.59). The firm’s 50 day moving average price is GBX 9.92 and its two-hundred day moving average price is GBX 17.01. The firm has a market cap of £4.90 million, a P/E ratio of -175.53 and a beta of 1.63.

About Deltic Energy

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.