Delphi Energy (TSE:DEE) Shares Down 10%
Shares of Delphi Energy Corp (TSE:DEE) dropped 10% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09, approximately 159,786 shares changed hands during mid-day trading. A decline of 14% from the average daily volume of 185,326 shares. The stock had previously closed at C$0.10.
A number of brokerages have issued reports on DEE. BMO Capital Markets lowered shares of Delphi Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$0.60 to C$0.30 in a research report on Wednesday, May 8th. Royal Bank of Canada dropped their price target on shares of Delphi Energy from C$0.25 to C$0.20 in a research note on Thursday, August 8th. Cormark raised their price target on shares of Delphi Energy from C$0.30 to C$0.35 in a report on Friday, August 9th. Finally, Raymond James set a C$0.65 price objective on shares of Delphi Energy and gave the company an “outperform” rating in a report on Wednesday, May 15th.
The firm’s 50 day moving average is C$0.13 and its 200 day moving average is C$0.25. The company has a market cap of $18.56 million and a PE ratio of -0.19. The company has a debt-to-equity ratio of 185.76, a current ratio of 1.36 and a quick ratio of 0.69.
Delphi Energy Corp., an oil and natural gas company, explores for, develops, and produces 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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