Delphi Energy Corp. to Post FY2017 Earnings of $0.06 Per Share, Beacon Securities Forecasts (DEE)

Delphi Energy Corp. (TSE:DEE) – Beacon Securities raised their FY2017 earnings per share (EPS) estimates for Delphi Energy in a research note issued on Wednesday. Beacon Securities analyst K. Wilson now expects that the company will earn $0.06 per share for the year, up from their previous estimate of $0.05. Beacon Securities also issued estimates for Delphi Energy’s FY2018 earnings at $0.01 EPS.

Delphi Energy (TSE:DEE) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C($0.02) earnings per share for the quarter. Delphi Energy had a negative net margin of 16.14% and a negative return on equity of 7.48%.

A number of other equities analysts have also weighed in on the stock. GMP Securities lifted their price objective on shares of Delphi Energy from C$1.40 to C$1.50 in a research report on Monday, November 13th. BMO Capital Markets reiterated an “outperform” rating and issued a C$1.75 price objective on shares of Delphi Energy in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus reiterated an “outperform” rating and issued a C$1.75 price objective on shares of Delphi Energy in a research report on Wednesday, October 18th.

Delphi Energy (TSE DEE) remained flat at $C$1.02 during trading hours on Friday. 105,010 shares of the company’s stock were exchanged, compared to its average volume of 199,901. Delphi Energy has a 1 year low of C$0.98 and a 1 year high of C$1.79. The stock has a market capitalization of $189.18, a PE ratio of -10.20 and a beta of 1.94.

In other Delphi Energy news, insider Michael Galvin sold 25,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$1.21, for a total transaction of C$30,250.00. Insiders have acquired a total of 18,000 shares of company stock worth $21,110 over the last 90 days.

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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.

Earnings History and Estimates for Delphi Energy (TSE:DEE)

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