Beacon Securities Weighs in on Delphi Energy Corp.’s FY2017 Earnings (DEE)

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

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

A number of other research analysts have also recently commented on the company. GMP Securities boosted their price objective on Delphi Energy from C$1.40 to C$1.50 in a research note on Monday, November 13th. Stifel Nicolaus restated an “outperform” rating and set a C$1.75 price objective on shares of Delphi Energy in a research note on Wednesday, October 18th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$1.75 price objective on shares of Delphi Energy in a research note on Wednesday, October 18th.

Delphi Energy (DEE) opened at C$1.01 on Friday. The company has a market capitalization of $187.33, a PE ratio of -10.10 and a beta of 1.94. Delphi Energy has a one year low of C$0.98 and a one year high of C$1.79.

In related news, insider Michael Galvin sold 25,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of C$1.21, for a total value of C$30,250.00. In the last quarter, insiders purchased 18,000 shares of company stock worth $21,110.

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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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