Delphi Energy (DEE) Reaches New 1-Year Low at $1.03
Delphi Energy Corp. (TSE:DEE)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$1.03 and last traded at C$1.10, with a volume of 115707 shares trading hands. The stock had previously closed at C$1.13.
Several equities research analysts have recently issued reports on the stock. GMP Securities raised their price objective on shares of Delphi Energy from C$1.40 to C$1.50 in a research note on Monday, November 13th. BMO Capital Markets restated an “outperform” rating and issued a C$1.75 target price on shares of Delphi Energy in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus restated an “outperform” rating and set a C$1.75 target price on shares of Delphi Energy in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Delphi Energy presently has an average rating of “Buy” and a consensus price target of C$1.77.
In other Delphi Energy news, insider Michael Galvin sold 25,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of C$1.21, for a total value of C$30,250.00.
Delphi Energy Company Profile
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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