Delphi Energy Corp (TSE:DEE) shot up 6.6% on Thursday . The stock traded as high as C$0.41 and last traded at C$0.41. 90,200 shares traded hands during trading, a decline of 40% from the average session volume of 149,768 shares. The stock had previously closed at C$0.38.

Several brokerages recently weighed in on DEE. Raymond James restated a “strong-buy” rating and set a C$1.50 target price on shares of Delphi Energy in a report on Monday, November 5th. BMO Capital Markets dropped their target price on Delphi Energy from C$1.25 to C$1.10 in a report on Wednesday, November 14th. Royal Bank of Canada dropped their target price on Delphi Energy from C$1.25 to C$0.70 in a report on Tuesday, January 8th. Finally, GMP Securities dropped their target price on Delphi Energy from C$0.90 to C$0.70 in a report on Thursday, December 13th.

The company has a debt-to-equity ratio of 79.24, a quick ratio of 0.51 and a current ratio of 0.55.

Delphi Energy (TSE:DEE) last issued its earnings results on Tuesday, November 13th. The company reported C$0.01 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.02. The company had revenue of C$31.40 million for the quarter. Sell-side analysts forecast that Delphi Energy Corp will post 0.08 EPS for the current year.

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

COPYRIGHT VIOLATION NOTICE: This article was reported by Daily Political and is owned by of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2019/01/26/delphi-energy-dee-shares-up-6-6.html.

About Delphi Energy (TSE:DEE)

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.

Recommended Story: How Do You Calculate Return on Investment (ROI)?

Receive News & Ratings for Delphi Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Energy and related companies with MarketBeat.com's FREE daily email newsletter.