Canaccord Genuity Group Reiterates “Speculative Buy” Rating for Deltic Energy (LON:DELT)

Deltic Energy (LON:DELT)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 160 ($1.99) price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 305.06% from the stock’s current price.

Deltic Energy Stock Performance

Deltic Energy stock opened at GBX 39.50 ($0.49) on Wednesday. The firm has a 50-day moving average price of GBX 33.71 and a two-hundred day moving average price of GBX 27.25. Deltic Energy has a 52-week low of GBX 20 ($0.25) and a 52-week high of GBX 44 ($0.55). The firm has a market capitalization of £36.77 million, a price-to-earnings ratio of -987.50 and a beta of 1.48. The company has a quick ratio of 30.42, a current ratio of 3.70 and a debt-to-equity ratio of 0.75.

Insider Buying and Selling

In other news, insider Peter Cowley sold 50,924 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of GBX 36 ($0.45), for a total value of £18,332.64 ($22,821.66). Corporate insiders own 32.28% of the company’s stock.

About Deltic Energy

Deltic Energy Plc, a natural resources investing company, engages in the exploration, evaluation, and development of oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020.