Raymond James reaffirmed their strong-buy rating on shares of Delphi Energy (TSE:DEE) in a report published on Monday. The firm currently has a C$1.50 price target on the stock.

Separately, BMO Capital Markets set a C$1.40 price target on Delphi Energy and gave the stock an outperform rating in a research note on Tuesday, July 24th.

TSE:DEE opened at C$0.57 on Monday. Delphi Energy has a 52 week low of C$0.52 and a 52 week high of C$1.34.

Delphi Energy (TSE:DEE) last released its quarterly earnings results on Wednesday, August 8th. The company reported C$0.01 EPS for the quarter, hitting analysts’ consensus estimates of C$0.01. The firm had revenue of C$36.39 million for the quarter, compared to analyst estimates of C$30.80 million.

In other news, Director Lamont Clement Tolley purchased 89,500 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were bought at an average cost of C$0.72 per share, for a total transaction of C$64,440.00.

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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