Royal Bank of Canada Trims Delphi Energy (DEE) Target Price to C$0.60

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Delphi Energy (TSE:DEE) had its target price lowered by Royal Bank of Canada from C$0.70 to C$0.60 in a research note issued to investors on Tuesday morning. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on DEE. Beacon Securities downgraded shares of Delphi Energy from a buy rating to a hold rating in a research report on Tuesday, March 5th. BMO Capital Markets lowered their price objective on shares of Delphi Energy from C$1.25 to C$1.10 in a research report on Wednesday, November 14th. Raymond James reissued an outperform rating and set a C$1.00 price objective on shares of Delphi Energy in a research report on Tuesday, March 5th. Finally, GMP Securities lowered their price objective on shares of Delphi Energy from C$0.90 to C$0.70 in a research report on Thursday, December 13th.

TSE DEE opened at C$0.36 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 79.24. The firm has a market capitalization of $64.94 million and a P/E ratio of -6.21. Delphi Energy has a 12 month low of C$0.30 and a 12 month high of C$1.03.

In other Delphi Energy news, insider Harry Sinclair Campbell acquired 145,000 shares of the stock in a transaction on Tuesday, December 18th. The shares were bought at an average cost of C$0.38 per share, with a total value of C$55,100.00. Following the transaction, the insider now owns 1,422,075 shares of the company’s stock, valued at approximately C$540,388.50.

About Delphi Energy

Delphi Energy Corp. engages in the exploration, development, and production of 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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