Delphi Energy (DEE) Lowered to Market Perform at BMO Capital Markets

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.

Delphi Energy (TSE:DEE) last announced its quarterly earnings results on Wednesday, March 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$26.79 million for the quarter. On average, equities analysts forecast that Delphi Energy will post 0.0713725518185315 EPS for the current fiscal year.

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.

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