Delphi Energy (DEE) Price Target Cut to C$1.20

Delphi Energy (TSE:DEE) had its price objective decreased by GMP Securities from C$1.30 to C$1.20 in a research note published on Friday, March 9th.

Other research analysts have also issued research reports about the stock. Raymond James Financial lowered their price target on shares of Delphi Energy from C$1.80 to C$1.75 in a report on Thursday, March 8th. Scotiabank lowered their price target on shares of Delphi Energy from C$1.50 to C$1.40 and set a sector perform rating for the company in a report on Thursday, March 8th.

TSE DEE remained flat at $C$0.86 during trading hours on Friday. 32,900 shares of the company were exchanged, compared to its average volume of 84,795. Delphi Energy has a 1-year low of C$0.84 and a 1-year high of C$1.57.

Delphi Energy (TSE:DEE) last issued its quarterly earnings data on Wednesday, March 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.02). Delphi Energy had a negative net margin of 16.14% and a negative return on equity of 7.48%. The business had revenue of C$30.90 million during the quarter, compared to the consensus estimate of C$36.20 million.

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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. It primarily holds interests in the Bigstone property located in the Deep Basin of northwest Alberta. The company is headquartered in Calgary, Canada.

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