FY2017 Earnings Forecast for Delphi Energy Corp. (DEE) Issued By Beacon Securities
Delphi Energy Corp. (TSE:DEE) – Beacon Securities upped their FY2017 earnings estimates for Delphi Energy Corp. in a research report issued on Wednesday. Beacon Securities analyst K. Wilson now forecasts that the company will post earnings of $0.06 per share for the year, up from their prior forecast of $0.05. Beacon Securities also issued estimates for Delphi Energy Corp.’s Q4 2017 earnings at $0.02 EPS.
A number of other research firms also recently issued reports on DEE. Scotiabank raised shares of Delphi Energy Corp. from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$1.20 to C$1.65 in a report on Wednesday, June 14th. Raymond James Financial, Inc. lifted their price objective on shares of Delphi Energy Corp. from C$2.60 to C$2.75 and gave the stock a “strong-buy” rating in a report on Monday, June 12th.
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Shares of Delphi Energy Corp. (TSE DEE) opened at 1.22 on Friday. The company’s market capitalization is $192.39 million. The firm’s 50-day moving average is $1.28 and its 200 day moving average is $1.44. Delphi Energy Corp. has a 52-week low of $0.87 and a 52-week high of $1.79.
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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