Beacon Securities Comments on Delphi Energy Corp.’s Q4 2017 Earnings (DEE)
Delphi Energy Corp. (TSE:DEE) – Equities research analysts at Beacon Securities issued their Q4 2017 earnings per share estimates for shares of Delphi Energy in a research note issued on Wednesday. Beacon Securities analyst K. Wilson forecasts that the company will post earnings per share of $0.01 for the quarter.
A number of other equities research analysts also recently weighed in on the company. GMP Securities lifted their target price on Delphi Energy from C$1.40 to C$1.50 in a report on Monday, November 13th. Stifel Nicolaus reissued an “outperform” rating and set a C$1.75 target price on shares of Delphi Energy in a report on Wednesday, October 18th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$1.75 target price on shares of Delphi Energy in a report on Wednesday, October 18th.
Delphi Energy (TSE:DEE) last posted its earnings results on Wednesday, November 8th. The company reported C($0.02) earnings per share for the quarter. Delphi Energy had a negative return on equity of 7.48% and a negative net margin of 16.14%.
In other news, insider Michael Galvin sold 25,000 shares of Delphi Energy stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$1.21, for a total transaction of C$30,250.00. Insiders have bought 18,000 shares of company stock valued at $21,110 in the last three months.
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About Delphi Energy
Delphi Energy Corp. (Delphi) is a Canada-based company engaged in the acquisition for and exploration, development and production of crude oil, natural gas and natural gas liquids in western Canada. The Company’s operations are principally concentrated in Northwest Alberta at Bigstone, which is in the Deep Basin of Northwest Alberta.
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