Delphi Energy (DEE) Shares Down 15.4%

Delphi Energy (DEE)  Shares Down 15.4%

Delphi Energy Corp (TSE:DEE)’s share price fell 15.4% on Wednesday . The company traded as low as C$0.21 and last traded at C$0.22. 365,154 shares traded hands during mid-day trading, an increase of 168% from the average session volume of 136,296 shares. The stock had previously closed at C$0.26.

A number of research firms have recently weighed in on DEE. Raymond James reaffirmed an “outperform” rating and issued a C$1.00 price objective on shares of Delphi Energy in a research note on Tuesday, March 5th. Beacon Securities lowered Delphi Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Royal Bank of Canada dropped their price target on Delphi Energy from C$0.70 to C$0.60 and set a “sector perform” rating for the company in a research note on Tuesday, March 12th. Finally, BMO Capital Markets lowered Delphi Energy from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$0.60 to C$0.30 in a research note on Wednesday.

The company has a market cap of $48.24 million and a P/E ratio of -1.30. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 96.98.

Delphi Energy (TSE:DEE) last announced its quarterly earnings results on Wednesday, March 13th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$26.79 million for the quarter. On average, equities analysts anticipate that Delphi Energy Corp will post 0.0799999952592595 EPS for the current fiscal year.

About Delphi Energy (TSE:DEE)

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.

See Also: How is inflation measured?

Related posts

Leave a Comment