Delphi Energy (DEE) Shares Up 6.6%
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.
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.
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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.
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