Delphi Energy (DEE) PT Set at C$1.00 by Raymond James
Delphi Energy (TSE:DEE) has been assigned a C$1.00 price objective by analysts at Raymond James in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 177.78% from the company’s previous close.
Several other brokerages have also issued reports on DEE. Beacon Securities lowered shares of Delphi Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. GMP Securities decreased their price target on shares of Delphi Energy from C$0.90 to C$0.70 in a report on Thursday, December 13th. Finally, Royal Bank of Canada decreased their price target on shares of Delphi Energy from C$0.70 to C$0.60 and set a “sector perform” rating for the company in a report on Tuesday, March 12th.
Shares of DEE stock opened at C$0.36 on Friday. Delphi Energy has a 12-month low of C$0.30 and a 12-month high of C$1.03. The firm has a market capitalization of $64.94 million and a PE ratio of -6.21. The company has a debt-to-equity ratio of 79.24, a current ratio of 0.55 and a quick ratio of 0.51.
About Delphi Energy
Delphi Energy Corp. engages in the exploration, development, and production of 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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