Delphi Energy (DEE) Price Target Cut to C$1.25 by Analysts at BMO Capital Markets

Delphi Energy (TSE:DEE) had its price objective reduced by BMO Capital Markets from C$1.40 to C$1.25 in a research note released on Tuesday.

Separately, Raymond James restated a c$0.88 rating and issued a C$1.75 target price on shares of Delphi Energy in a research note on Thursday, July 19th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$1.39.

Shares of DEE stock opened at C$0.77 on Tuesday. Delphi Energy has a 1-year low of C$0.67 and a 1-year high of C$1.34.

Delphi Energy (TSE:DEE) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C$0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.01. Delphi Energy had a negative return on equity of 7.48% and a negative net margin of 16.14%. The business had revenue of C$36.39 million for the quarter, compared to the consensus estimate of C$30.80 million.

In other news, Director Lamont Clement Tolley bought 100,000 shares of the stock in a transaction on Wednesday, September 5th. The shares were purchased at an average price of C$0.69 per share, for a total transaction of C$69,000.00.

About Delphi Energy

Delphi Energy Corp. engages in the exploration, development, and production of 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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