Delphi Energy (DEE) Sets New 12-Month Low at $0.63

Delphi Energy Corp (TSE:DEE) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$0.63 and last traded at C$0.66, with a volume of 370441 shares trading hands. The stock had previously closed at C$0.70.

DEE has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Delphi Energy from C$1.40 to C$1.25 in a research report on Tuesday, October 9th. Raymond James reaffirmed a “c$0.88” rating and set a C$1.75 price objective on shares of Delphi Energy in a research report on Thursday, July 19th.

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

In related news, Director Lamont Clement Tolley acquired 89,500 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average cost of C$0.72 per share, with a total value of C$64,440.00.

Delphi Energy Company Profile (TSE:DEE)

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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