Deltic Energy (LON:DELT) Stock Price Up 15.3% – Should You Buy?

Deltic Energy Plc (LON:DELT) was up 15.3% during mid-day trading on Thursday . The stock traded as high as GBX 5.50 ($0.07) and last traded at GBX 5.48 ($0.07). Approximately 813,605 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 474,751 shares. The stock had previously closed at GBX 4.75 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on shares of Deltic Energy from GBX 95 ($1.23) to GBX 85 ($1.10) and set a “speculative buy” rating for the company in a report on Thursday, September 26th.

Deltic Energy Price Performance

The stock has a market cap of £5.11 million, a PE ratio of -20.65 and a beta of 1.63. The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70. The business has a 50 day moving average price of GBX 7.93 and a two-hundred day moving average price of GBX 13.82.

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.