Delphi Energy Corp. (DEE) Rating Reiterated by Scotiabank
Delphi Energy Corp. (TSE:DEE)‘s stock had its “underperform” rating restated by equities researchers at Scotiabank in a note issued to investors on Friday. They presently have a C$1.30 price objective on the stock. Scotiabank’s target price indicates a potential upside of 3.17% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Raymond James Financial, Inc. upped their price objective on shares of Delphi Energy Corp. from C$1.90 to C$2.10 in a research note on Tuesday, December 13th. GMP Securities cut shares of Delphi Energy Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, December 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$1.65.
Shares of Delphi Energy Corp. (TSE:DEE) opened at 1.26 on Friday. Delphi Energy Corp. has a 52 week low of $0.72 and a 52 week high of $1.79. The firm’s 50-day moving average is $1.51 and its 200 day moving average is $1.33. The firm’s market capitalization is $195.93 million.
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About Delphi Energy Corp.
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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