FY2016 EPS Estimates for Delphi Energy Corp. Decreased by Analyst (DEE)
Delphi Energy Corp. (TSE:DEE) – Investment analysts at Cormark decreased their FY2016 earnings per share estimates for shares of Delphi Energy Corp. in a report released on Wednesday. Cormark analyst G. Ursu now forecasts that the firm will post earnings of ($0.09) per share for the year, down from their previous estimate of ($0.08). Cormark also issued estimates for Delphi Energy Corp.’s Q4 2016 earnings at $0.00 EPS, Q1 2017 earnings at $0.00 EPS and Q4 2017 earnings at $0.02 EPS.
Separately, Scotiabank increased their target price on shares of Delphi Energy Corp. from C$0.95 to C$1.10 and gave the company an “underperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$1.21.
Delphi Energy Corp. (TSE:DEE) opened at 1.14 on Friday. The firm’s market capitalization is $177.27 million. The firm’s 50-day moving average is $1.04 and its 200 day moving average is $1.04. Delphi Energy Corp. has a 12 month low of $0.62 and a 12 month high of $1.25.
About Delphi Energy Corp.
Delphi Energy Corp. (Delphi) is a Canada-based company engaged in the acquisition for and exploration, development and production of crude oil, natural gas and natural gas liquids in western Canada. The Company’s operations are principally concentrated in Northwest Alberta at Bigstone, which is in the Deep Basin of Northwest Alberta.
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