Royal Bank of Canada Lowers Delphi Energy (TSE:DEE) Price Target to C$0.35

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Delphi Energy (TSE:DEE) had its price objective lowered by analysts at Royal Bank of Canada from C$0.50 to C$0.35 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 94.44% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Raymond James reissued a “buy” rating and set a $0.65 price target on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. BMO Capital Markets lowered Capital Power from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Cormark lowered their price target on Delphi Energy from C$0.90 to C$0.70 in a report on Tuesday, June 18th.

TSE DEE opened at C$0.18 on Friday. The company has a debt-to-equity ratio of 116.72, a quick ratio of 0.54 and a current ratio of 0.73. Delphi Energy has a 52-week low of C$0.12 and a 52-week high of C$0.91. The business’s 50-day moving average is C$0.17. The stock has a market capitalization of $33.40 million and a price-to-earnings ratio of -0.82.

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

About Delphi Energy

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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