Delphi Energy (TSE:DEE) Hits New 52-Week Low on Analyst Downgrade

Delphi Energy Corp (TSE:DEE) reached a new 52-week low on Monday after Royal Bank of Canada lowered their price target on the stock from C$0.15 to C$0.10. The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 86068 shares. The stock had previously closed at C$0.06.

Separately, Cormark upped their target price on Delphi Energy from C$0.30 to C$0.35 in a research note on Friday, August 9th.

The firm has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.16. The company has a quick ratio of 0.69, a current ratio of 1.36 and a debt-to-equity ratio of 185.76. The stock has a market capitalization of $10.21 million and a P/E ratio of -0.13.

Delphi Energy (TSE:DEE) last released its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C($0.01) by C$0.05. The business had revenue of C$27.97 million for the quarter. On average, research analysts predict that Delphi Energy Corp will post -0.01 earnings per share 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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