Delphi Energy (TSE:DEE) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, May 8th, BayStreet.CA reports. They currently have a C$0.30 price target on the stock, down from their prior price target of C$0.60. BMO Capital Markets’ price objective suggests a potential upside of 57.89% from the stock’s previous close.
DEE has been the topic of a number of other research reports. Beacon Securities cut shares of Delphi Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Royal Bank of Canada cut their price target on shares of Delphi Energy from C$1.25 to C$0.70 in a research report on Tuesday, January 8th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$1.00 price target on shares of Delphi Energy in a research report on Tuesday, March 5th.
Shares of TSE:DEE traded down C$0.01 during trading on Wednesday, hitting C$0.19. 416,400 shares of the company were exchanged, compared to its average volume of 168,339. The company has a market capitalization of $37.11 million and a PE ratio of -0.86. The company has a debt-to-equity ratio of 116.72, a quick ratio of 0.54 and a current ratio of 0.73. Delphi Energy has a 1-year low of C$0.16 and a 1-year high of C$0.98.
About Delphi Energy
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.
Further Reading: Float
Receive News & Ratings for Delphi Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Energy and related companies with MarketBeat.com's FREE daily email newsletter.