Delphi Energy (DEE) Price Target Cut to C$0.70 by Analysts at Royal Bank of Canada

Delphi Energy (TSE:DEE) had its price objective lowered by Royal Bank of Canada from C$1.25 to C$0.70 in a research report released on Tuesday.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets cut their target price on shares of Delphi Energy from C$1.40 to C$1.25 in a research report on Tuesday, October 9th. Raymond James lowered their target price on shares of Delphi Energy from C$1.75 to C$1.50 in a research note on Friday, October 5th. Finally, GMP Securities decreased their price objective on shares of Delphi Energy from C$0.90 to C$0.70 in a research note on Thursday, December 13th.

DEE stock opened at C$0.43 on Tuesday. Delphi Energy has a 52 week low of C$0.34 and a 52 week high of C$1.08. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 79.24.

Delphi Energy (TSE:DEE) last released its earnings results on Tuesday, November 13th. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.01) by C$0.02. The firm had revenue of C$31.40 million during the quarter. Analysts forecast that Delphi Energy will post 0.08 EPS for the current year.

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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