Delphi Energy Corp (TSE:DEE)’s stock price reached a new 52-week low during mid-day trading on Monday after Royal Bank of Canada lowered their price target on the stock from C$0.15 to C$0.10. The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 86068 shares changing hands. The stock had previously closed at C$0.06.
Separately, Cormark boosted their price target on Delphi Energy from C$0.30 to C$0.35 in a research report on Friday, August 9th.
The business has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.16. The stock has a market cap of $10.21 million and a price-to-earnings ratio of -0.13. The company has a debt-to-equity ratio of 185.76, a current ratio of 1.36 and a quick ratio of 0.69.
Delphi Energy (TSE:DEE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.05. The business had revenue of C$27.97 million for the quarter. As a group, equities analysts anticipate that Delphi Energy Corp will post -0.01 earnings per share for the current fiscal 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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