Delphi Energy (TSE:DEE) Sets New 1-Year Low at $0.15

Delphi Energy Corp (TSE:DEE)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.15, with a volume of 28096 shares trading hands. The stock had previously closed at C$0.15.

Several research firms recently commented on DEE. Raymond James reissued an “outperform” rating and set a C$1.00 target price on shares of Delphi Energy in a research note on Tuesday, March 5th. Beacon Securities lowered shares of Delphi Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Royal Bank of Canada cut their target price on shares of 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. BMO Capital Markets lowered shares of Delphi Energy from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$0.60 to C$0.30 in a research note on Wednesday, May 8th. Finally, Cormark cut their target price on shares of Delphi Energy from C$0.90 to C$0.70 in a research note on Tuesday, June 18th.

The firm has a market capitalization of $27.83 million and a price-to-earnings ratio of -0.68. The business’s 50 day moving average is C$0.19. The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 116.72.

Delphi Energy (TSE:DEE) last released its earnings results on Tuesday, May 7th. The company reported C($0.10) EPS for the quarter. The company had revenue of C$26.35 million for the quarter. On average, research analysts anticipate that Delphi Energy Corp will post 0.0722581 EPS for the current year.

Delphi Energy Company Profile (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.

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