Delphi Energy (TSE:DEE) Price Target Cut to C$0.35 by Analysts at Royal Bank of Canada

Delphi Energy (TSE:DEE) had its price target reduced by research analysts at Royal Bank of Canada from C$0.50 to C$0.35 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 105.88% from the company’s current price.

DEE has been the topic of a number of other reports. BMO Capital Markets lowered Capital Power from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Raymond James reiterated a “buy” rating and issued a $0.65 price objective on shares of DB Commodity Double Short ETN in a research report on Wednesday, May 15th. Finally, Cormark dropped their price target on Delphi Energy from C$0.90 to C$0.70 in a research report on Tuesday, June 18th.

Shares of DEE stock traded up C$0.01 during trading hours on Friday, reaching C$0.17. The company’s stock had a trading volume of 499,081 shares, compared to its average volume of 177,527. The company has a market capitalization of $29.69 million and a PE ratio of -0.77. Delphi Energy has a one year low of C$0.12 and a one year high of C$0.93. The business’s fifty day moving average is C$0.17. The company has a debt-to-equity ratio of 116.72, a current ratio of 0.73 and a quick ratio of 0.54.

Delphi Energy (TSE:DEE) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$26.35 million during the quarter. Analysts expect that Delphi Energy will post 0.0722581 earnings per share for the current year.

About Delphi Energy

Delphi Energy Corp., an oil and natural gas company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Western Canada. The company primarily holds interests in the Bigstone Montney property located in the Deep Basin of Northwest Alberta. It distributes natural gas through Alliance pipeline system in Chicago.

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